$ETH is hovering in a technically significant zone right now following that sharp liquidation flush. It's definitely worth keeping an eye on for any early reversal signals.

That said, the bounce off last week's low still looks corrective to me there’s no real strength or impulse behind it yet. We haven’t seen any structural evidence that a solid bottom is in place.

Unless we get a clean 5-wave push up or at least a break above the weekend high, I’m still considering the bearish (orange) scenario as valid.

No confirmation yet. Just watching the micro structure closely for now.#ETHTrendAnalysis