$ETH - The price has bounced on the low timeframes, however it has still rejected at the lost high-timeframe support range marked in purple, which has been a strong reversal spot over the last couple of months and, over the last couple of weeks, a strong rejection point.
Because of this, I still haven’t scaled out of my hedges and remain prepared for further downside until the price manages to durably break back above and reclaim this lost high-timeframe support range.
Until that happens, I remain conservative and cautious with my approach.
Once the price breaks above this range, that will be