$ETH

ETH is still within the daily downtrend channel and is accompanied by a bullish divergence on the daily chart. It formed a double bottom reversal, but the reversal is not complete yet—the trend is still mainly short on the rebound. On the 4H chart, there are two key levels to watch: 2930 and 2810. Both of these levels can be considered for long positions to capture liquidity. The price has already wicked into the liquidity zone once, but the rebound strength was mediocre, indicating that the market is still primarily bearish. Most of the volatility now happens around 11 PM to midnight; there’s not much to do during the day. For rebounds to the 3150-3170 range, you can gradually enter short positions. A stop loss at 3240 should be sufficient.