$ETH LTF Update

After rejecting the dWeek VAH (2821), ETH pulled back into the 2725–2700 zone where we see dWeek VWAP, 365D VWAP, and top of composite balance.

Price currently stalling near that cluster. Below here opens room toward 2616 pWeek VAH and 30D VWAP at 2545.

Scenarios:

– Hold 2725–2700 and reclaim - local reversal, retest of 2780–2820 possible

– Lose this VWAP band - 2615–2545 likely to fill as composite mean reversion

Bias: Neutral short term, bullish as long as 2545 cluster holds

Watching price behavior around 2700. Holds = scalp longs. Breakdown = bear control.