Daily structure [ETH]

From a higher timeframe, Ethereum looks clearer: a double-bottom has been confirmed with a rebound, plus a breakout that overcomes the neckline resistance. The 1940 level where the candle closed last night is a minor resistance—corresponding to the final higher low point at the bottom of the preceding wedge.

If there is a price advantage at lower levels, then of course you can continue holding through the POC area around 2050, but the situation differs for those who are currently in cash: as the exchange rate moves higher, short-term volatility increases, and even if the trend continues, it’s still easy to get repeatedly “picked off.”

So in the middle, I don’t plan to participate—I’d rather look for short-term opportunities on other altcoins. Either pull back to around 1830 to form a support-resistance flip and then go long again; otherwise, wait for the mid-term short entry at 2050 on the upside.