$ETH briefly lost its lower-timeframe structure and even closed a daily candle below the trendline. That breakdown didn’t last long though, price quickly reclaimed the trend with a daily close back above it, a textbook fakeout.
Right now, price action is neutral. $ETH is still ranging within this accumulation zone, and a bounce from here remains on the table.
Until we get a clear breakout or breakdown, expect sideways, choppy conditions. I’ll share updates if the structure changes.
