$ETH

After an impulsive move higher, price has moved into resistance where it’s currently getting rejected. I expect part of this pump to get retraced.

A pullback into the $3.220 – $3.170 zone looks likely. This area acts as key support and aligns well with the important Fibonacci levels.

As long as price holds above this support, the broader structure remains intact and would present a potential long opportunity. Upside targets are $3.307 and $3.500.

If price fails to hold above this support and breaks below the ascending trendline, bias shifts bearish and short opportunities become favorable.