$ETH – The price has bounced off the 1D Bull Market Support Band, which is the level I highlighted in some of my prior PAT updates.


Since then, momentum has picked back up to the upside, and as I’ve said before, as long as price holds above this band, I believe the most likely outcome remains further upside.
The next key POI to watch is the lost high-timeframe support range marked in green, sitting at $2.7K, where I think we could see a short-term rejection before continuation higher.
The invalidation for this bullish view would be a break below the support band. In that case, I would consider hedging part of my spot exposure, as it would open the door for a deeper pullback toward the high-timeframe support around $2.1K.
ETH-1,14%
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