#ETH Update:

Good morning guys, hope you’re enjoying the weekend. Many of you have been asking about a potential $ETH bottom, so here are my thoughts.

Our short on $ETH has played out perfectly so far, with price falling below the key horizontal support zone. As mentioned earlier, there’s nothing bullish unless $ETH reclaims that level. In the coming days, we might see a wick upward to provide a relief rally across the market, though this isn’t guaranteed. Even if that doesn’t happen, I still expect $ETH to dip a bit further with the boxed region below acting as the potential bottom. That’s the area we’ll start looking for longs. Until then, $ETH remains stuck in the chop zone.