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$ETH Bulls Are Defending This Level Hard ??
The trendline has been respected several times now, and buyers continue stepping in whenever price dips into that area. For me, the main level to watch is $1,678. As long as ETH keeps holding above it on the 4H timeframe, I'm not interested in bearish scenarios.
Ideally, I'd like to see a push back above $1,750. If that happens, the next areas I'm watching are $1,800, $1,845, and potentially $1,900+. Nothing is confirmed yet, but the structure is still forming higher lows and the trendline remains intact.
A 4H close below $1,678 would change my view and invalidate this bullish idea.
Until then, I'm giving the bulls the benefit of the doubt. 📈
$ETH