I have seen many technical analyses of this style, most of them are 💩. I will only say one thing: you are right.

$ETH Actually, there is no need to talk in detail. I talked about the importance of this ~1,000 days uptrend. After the weekly trend was broken, I shared that we are now at the most important support, which I call the last stop.

What we need most urgently in every time frame is to stay above the green box long-term S-R Flip Zone.

ref 1: ETH - Ethereum - Most important one to date!
ref 2: ETH - Ethereum - Last stop!

👉 Weekly Outlook

If this level is broken, the target will be 1,740 and 1,550 respectively. I don't want to talk about what happened after that right now (I even didn't mark on the chart 😳).

👉 Daily Outlook

The daily candle is currently looking bad. It is a bearish engulfing that completely wipes out yesterday's bullishness. In terms of candle momentum, if it can close above 2,220 or better yet 2,320, we can expect a bullish candle for tomorrow.

We can't talk about a reversal until the declining resistance is broken and 2,850 is breached. We must expect a daily closing above this level.

👉 4H Outlook - Lower Time Frame Accumulation

The positive divergence that I showed in the RSI in 4H is actually present in all of the upper timeframes, but as I said in previous analyses, since it could not make a new Higher High (HH), the reaction rise following this divergence always remained as a correction or liquidation hunt.

In order to overcome this, we need to see 4H closings with a candle body above 2,520 and break out local accumulation range in the gray box.