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$ETH - The market structure has improved a lot over the last couple of days, as the price has managed to durably hold above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months, and also break above the 0.618 Fibonacci POI around ~$3.1K.
That said, the price has now rejected at the 0.5 Fibonacci POI near ~$3.4K, which was expected, given that this level has been an important POI in the past as well.
Going forward, I believe that as long as the price continues to hold above the 1D Bull Market Support Band and the 0.618 Fibonacci POI, the most likely outcome remains further upside, and my positioning remains unchanged.