$ETH

ETH

1,921.45

+4.19%

is literally doing the same thing it’s done before every major bounce, most people just aren’t zoomed out enough.

ETH is still in an uptrend, and the story is simple

Every time we touch the lower trendline buyers step in and we bounce

We’re doing that again right now

Do you know what that means?

As long as ETH keeps closing weekly candles above that lower rail, a bounce back toward the middle of the range stays on the table.

The real issue will be a weekly close below the channel support