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So, here’s what I’m seeing with ETH right now. Honestly, it’s looking a bit like a seesaw.
We saw that break through the bearish flag earlier, hitting a new high—but don't get too excited yet. That "higher high" was really just us poking our heads out of that white box range I’ve been talking about. Hope that makes sense to everyone. Right now, price is doing a little dance (retracing) back toward the top of that flag.
### The Game Plan
Basically, I’m watching two main spots. If we stay above the flag and can push past **2119**, then the rebound is still alive and well.
But... if we slip back inside that flag? Yeah, that’s not great. It usually means the pattern is failing. If that happens, we’re looking at a test of the **2085–2070** support zone. And let me tell you, if *that* floor breaks, **2017** is pretty much a done deal. Like, I’d bet on it.
### How I’m playing it:
* **Going Long:** I’m waiting for a solid break above **2133** with actual volume behind it.
* **Going Short:** If we lose **2112** on heavy volume, I’m looking for the exit or a short.
### Short-term Targets
On the 1-hour chart, if we can just park it above **2133**, I’m looking at **2174** or maybe even **2200**.
On the 4-hour side, though, if we drop under **2088**, then it’s likely a slide down to **2041** or **2012**.
We’ve been stuck in this triangle for a minute on the 4-hour chart. We're currently sitting above the midline of the box, which is good! As long as we hold that midline, I’m still hopeful for those previous highs. If we lose it, we're headed back to the basement of the triangle, and nobody wants that.
Anyway, that's the tea. Watch the volume, keep your stop losses tight, and don't get greedy. Meeting adjourned!
$ETH