ethereum:native is a very straightforward picture, folks. The $1,940 – $2,201 zone is your current bear market resistance. If you want to see the higher-timeframe trend shift back in favor of the bulls, that zone needs to be broken. Afterward, we need to see a retest of the upper end of the range, with a successful hold and continuation higher. Anything short of that means ETH remains in a higher time frame downtrend. That said, if we zoom out, I'm still watching the weekly time frame for an inverse H&S, as a left shoulder and head are starting to form. We still need a more durable countertrend rally, followed by a late summer or early fall pullback to create the right shoulder, but if that happens, it could confirm a bottoming structure. Definitely something to keep an eye on.
KevinShare

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