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🚨 This is a GOOD BUYING RANGE for $ETH.
Between $1.4K and $1.6K is where I would personally look to accumulate and gradually add to my spot holdings over the coming days.
The RISK-REWARD setup is starting to lean in favor of buyers at these levels.
Throughout the bear market, this range acted as a major RESISTANCE zone, rejecting the price multiple times before eventually breaking.
Then, once reclaimed, it marked the BOTTOMING FORMATION that preceded a rally of nearly 300%.
And right now, Ethereum is trading inside that exact range.
That said, does this mean the bottom is definitely in?
NO.
The possibility of further downside and short-term weakness still exists.
But that is exactly why the opportunity becomes attractive.
The downside risk from these levels is LIMITED relative to the upside potential from this range and why I'll be looking to accumulate in the coming days and weeks.