Need a daily close above the lower trendline for a bullish scenario. If we get a breakdown by daily close, then we might test the HTF support level($53k-$60k) Hoping for a good bounce from here🤞
ETHUSDT experienced a long wick rejection on the downside, potentially liquidating overleveraged longs. However, the price held above the retest level and is currently consolidating. Additionally, the SEC's approval of an ETH ETF has been announced. Now there is high chances that everything should go up smoothly.