#ETH

The recent pullback in ETH has been both fierce and sinister,

Last night around 10 PM, that false breakout wick pierced 3080, causing a lot of long positions to get liquidated. As a result, the FOMC minutes were released, and Trump tweeted favorably about crypto, leading to an instant influx of capital that forcefully pulled it back. Now it has started the classic 'single coin climbing mode',

The 4-hour chart has broken through the 3250 neckline, the daily washout is over, and the spot ETF continues to see net inflows. Large investors are quietly increasing their positions, making the probability of reaching the previous highs of 3380-3400 very high. $ETH

ETH

3,068.96

-3.34%