$ETH Analysis
After breaking the 4-year bearish trendline, $ETH pulled back into the weekly Fair Value Gap (FVG) and launched higher, creating a new All-Time High.
Recently, price retraced after sweeping the weekly swing high, and now it’s tapping into the daily FVG.
On the daily timeframe, we currently have:
🔹 A Bullish FVG (BISI) → key level for ETH to respect if bullish momentum is to continue.
🔹 A Bearish FVG (SIBI) → ideally, we want to see this level get invalidated/disrespected.
📊 What to Watch:
As long as ETH respects the daily BISI while rejecting the daily SIBI, the bullish structure remains intact.
This setup aligns with continuation potential towards new highs once the retracement completes.
🚀 Conclusion: ETH has reclaimed strong momentum after years of consolidation. If the daily bullish FVG holds, Ethereum could be setting up for the next leg higher.
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