🔍 One weekly candle doesn't change the trend but where it closes can change the entire narrative.
Compared to my last $ETH update, the reaction from the long-term ascending trendline is the biggest development on the chart. Buyers stepped in exactly where higher-timeframe support was expected, preventing a deeper breakdown and keeping the broader structure alive. 📈
The technical picture is improving, but it still needs confirmation. Momentum is recovering, selling pressure is easing, and the coming weekly close will show whether this is the beginning of accumulation or just another short-lived rebound.
⚠️ Not financial advice.
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