ETH/USDT just flipped structure on both the 1-hour and 4-hour charts and is now holding above a descending trendline. That’s no small detail. Passive buyers appear to be absorbing bearish pressure. If that holds, a push toward the recent weak high and even as high as $5,250 could unfold—especially with talk of potential rate cuts in September. But here’s the catch: buyers still need a clean hourly close above the local VAH (Value Area High) at $4,390 to validate the move. No close, no confirmation.
There’s a sense this is either a real pivot or a trap set by bulls testing liquidity. If sellers exhaust themselves, we might see a genuine rally. If not—if the price slips back—we’re looking at a classic fakeout setup.
Bottom line: monitor $4,390. If ETH closes above it and sticks, the breakout could be real. If not, expect more consolidation—or worse, a reversal.