Update $ETH 1W — Returning inside the "scary range" 🧐🪄
$ETH has now returned to its weekly range after a strong fluctuation.
The important thing here: the weekly candle was not rejected, but accepted the price, which means the market said:
"Yes, this is the right place to trade" and not "withdraw immediately."
📌 What matters to us from this movement?
- ETH has returned to trading within the range on the weekly frame
- The bounce at the midpoint of the range was solid and confirmed
- The weekly structure is still intact
- This eliminates the risk of an immediate collapse in the near term
💡 The strongest interpretation: the recent drop seems like liquidity withdrawal + repositioning, not a structural collapse.
As long as ETH is inside the range, the most likely direction is to continue within the range with a bullish bias, not a full reversal.
📌 Current range rules:
- Below support → complete reevaluation
- Inside the range → patience and waiting
- Near the tops of the range → higher odds of bullish expansion
⚡ Summary:
$ETH has accomplished the hardest part by returning inside...
And now the "real test" is to continue and confirm.
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