$ETH continues its accumulation movement in the local range that I have boxed in white. The important liquidation below has not been cleared yet, but there is a contraction in Bollinger Bands in the 4H-8H timeframes. The movement may break out of the range and explode in one direction.

Technically, the movement should continue in whichever side of the range we see a permanent candle closing.

My preference would be for the price to sweep the lower liquidation that I have marked below after it has lingered in this area for so long and accumulated and then this movement will remain as a wick and the upward momentum movement will begin.