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$ETH - It's going to be much more difficult trying to call a bottom and there are a lot of scenarios that can play out. That's why I was taking profits higher up so I can now be patient and react to what's happening. Seems like we have a very clear range and I could see a rally that comes back up to the top of the channel or re-tests the break down. The only way I would get fully bullish again and eliminate that lower downside is for it to actually break out of the downtrend. We could break down this support without touching the upside as well so not really a place I would be bidding aggressively. It's much easier to wait for confirmation without sweating it out worried about a breakdown.

Published Nov 07, 2025Updated Nov 07, 20252 min read
$ETH - It's going to be much more difficult trying to call a bottom and there are a lot of scenarios that can play out. That's why I was taking profits higher up so I can now be patient and react to what's happening. Seems like we have a very clear range and I could see a rally that comes back up to the top of the channel or re-tests the break down. The only way I would get fully bullish again and eliminate that lower downside is for it to actually break out of the downtrend. We could break down this support without touching the upside as well so not really a place I would be bidding aggressively. It's much easier to wait for confirmation without sweating it out worried about a breakdown.
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