$ETH

Yesterday, according to my update post on the situation, the pump wave has indeed weakened.

And this is the H1 bounce testing the peak in one of the scenarios I listed. Let's monitor to have further scenarios.

1. H4 – Testing the lifting force

Today's H4 candle bounced very accurately from EMA9 → confirming that the dynamic support is still valid.

Long green body, long wick, closing above EMA9 → momentum has returned after a slight sell-off.

However, OBV has not surpassed the old peak → further confirmation of money flow is needed.

2. H1 – Decisive role

If H1 breaks the peak of 4.331 (even just by the wick) with increased volume, then the uptrend remains strong → at that point, we will consider the recent move as a strong pullback to gain more strength.

If H1 only reaches the liquidation zone ~4.307 and then reverses with a strong red candle, then it is highly likely that this is just a bull trap sweeping high shorts → transitioning to a distribution phase.

3. Important observation levels

4.307 – 4.331: the decisive zone indicating the significance of the bounce.

Closing the H1 candle above 4.331 → the uptrend continues, nearest target ~4.370.

Closing the H1 candle below EMA9 (currently ~4.246) after touching 4.307 → high probability of starting distribution.

P/s: Yesterday, some guys predicted the price would go to 3k9, so I closed all my orders when I saw H1 break ema21 from the accumulation zone of 3k5 because sometimes the dump doesn't even test the peak, and this morning I saw the H4 lifting force test was beautiful, so I scalped a little (I advise everyone not to follow my scalp; breaking even is good, just small volume for tracking).