⚡️ Thoughts on $ETH

After such a sharp and uninterrupted dump (marked with the green zone), I seriously doubt the market will continue falling without at least some meaningful bounce.

The 4H closed decently — there’s still room for a rebound. But it’s critical to hold the $3550–3600 zone and reclaim $3700 as soon as possible. As long as $3550–3600 holds, longs with small stops are still valid.

In the broader context, a short-term downtrend line is forming with three touches. And as classic TA says — the fourth touch often leads to a breakout.

📖 That’s why a dip toward $3500 (with a possible wick to $3300) before heading higher seems logical to me.

It would:
• grab liquidity.
• shake out retail.
• and flush weak hands before the real move begins.

Especially considering we’re now back at a level that triggered three major drops earlier this cycle — many traders are subconsciously afraid of another repeat. Smart money can use that fear.

🎓 Let’s not forget:
• first there was the dump to $1400 for mass capitulation.
• now there’s the hesitation and fear of failing to break above $4000.

Meanwhile, institutions and big players are quietly buying at these levels. Which means they see this price as fair — or even as a bottom.

Why pump straight to $4000 and let everyone win? That’s just not how this game works.