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$ETH - Over the last couple of days, we've been tracking the 1D Bull market Support Band, which has been a strong reversal spot over the last couple of months, but it seems like it has lost its significance.
Because of this, I believe that shifting it to the 2D Bull market Support Band, which seems to be a more important POI is the better approach.
Right now, the price has bounced on the low-timeframes at this level, and I believe that as long as the price keeps staying above this range, the most likely outcome remains further upside, with the next key POI to track being the lost high-timeframe support range sitting at $2.7K, where I believe that we could see a rejection on the short-term.
That being said, in case the price were to lose this range, that would open the door for a deeper pullback on the low-timeframes into the high-timeframe support range sitting at $2.1K, where I would look to add to my spot holdings.