U.S. Treasury risk is at a 16-year high, $ETH -1.1% and still bullish U.S. Treasury risk has hit a 16-year high, everything that needed to be dumped has been dumped, $ETH is currently at 2506.43, down 1.1% over 24h—I'm directly bullish at this level; a pullback amid divergence is an opportunity. The bearish news has been priced in, yet the market did not fall. After the event, $ETH moved from 2490.98 to 2508.06, up 0.69%, with the selling pressure absorbed by real money. This pullback is not a breakdown. The daily RSI at 37.5 is weak but has held, 30d still has 1.62% left, and the Fear & Greed Index at 59 is far from the fear zone. Leverage has not reached an extreme either. OI is only +0.3% versus the archived figure, and the funding rate is near zero; however, the long-short account ratio is sitting at an average of 2.51. Buying the pullback is fine, but don't get carried away chasing the rally. Upside resistance: 2542 (the 24h high of 2542.21 is capping this area) Downside support: 2471 (the support zone starts at 2471.05) Dividing line: a break below 2471 means turning bearish and exiting. Buy the dip above 2471 for a rebound; reclaiming 2542 means chasing the extension. Those are the only two scenarios. Enter in batches around 2506.43, stop out below 2471, and take profit for the extension after holding above 2542. Going to monitor the market. Follow me, see you in the next signal. $ETH