$ETH - The price has rejected at the lost high-timeframe support range marked in purple at $2.1K, which has acted as strong resistance over the past couple of months and aligns with the 3D Bull Market Support Band.

Because of this, I believe that as long as the price remains below this range, the most likely outcome over the next couple of weeks is further downside into the high-timeframe support marked in green at $1.5K, aligning with the early-April 2025 bottoming formation.
That’s where I expect a more durable bottom to form and where I’ll look to scale out of hedges and rotate capital back into spot.
Unless the price reclaims this lost support range, I remain hedged and positioned for further short-term downside.