$ETH - I’m still not a big fan of the market structure on the low-timeframes, but it is improving.
A couple of days ago, the price rejected at the lost high-timeframe support range marked in purple, aligning with the golden pocket between the 0.5 and 0.618 Fibonacci POIs, which I covered in some of my prior updates.
That said, the price tapped into the 1D Bull Market Support Band, a strong reversal spot over the last couple of months, and has since bounced off of it.
As long as the price continues to hold above this range, I believe the most likely outcome remains further upside from here, eve