Breakout
1. *Breakout scenario*: If ETH closes above $3,650 with volume, we likely see $3,800-$3,900 fast. Shorts get squeezed there.
2. *Rejection scenario*: If it fails again, support is at $3,450. A wick to $3,320 is possible if BTC dips.
3. *BTC is the trigger*: ETH won’t move hard until BTC breaks $62k or cools down.
Volume is low right now, so this looks like accumulation before a bigger move. I’m not chasing here. Either I get a clean break above $3,650 or I wait for the retest.
1. *Breakout scenario*: If ETH closes above $3,650 with volume, we likely see $3,800-$3,900 fast. Shorts get squeezed there.
2. *Rejection scenario*: If it fails again, support is at $3,450. A wick to $3,320 is possible if BTC dips.
3. *BTC is the trigger*: ETH won’t move hard until BTC breaks $62k or cools down.
Volume is low right now, so this looks like accumulation before a bigger move. I’m not chasing here. Either I get a clean break above $3,650 or I wait for the retest.