ETH Update
$ETH is trading back into the lower half of the multi-session range after being rejected from the 30D/7D VWAP cluster near 2600–2630. Price remains compressed below the 365D VWAP and dMonth VAH, suggesting sellers are still in control on HTF.
Short-term:
→ Acceptance below the 2535 pWeek VAL opens path toward the pMonth VWAP near 2415.
→ If buyers can reclaim the 2600–2630 VWAP cluster, expect a grind higher into 2687–2709 pMonth VAH/dMonth VAH.
Bias: Slight downside pressure remains unless 2600–2630 is reclaimed with volume. Let it range until VWAP cluster breaks.
Line in the sand:
• Bullish LIS → 2630 reclaim
• Bearish LIS → 2535 break with acceptance
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