$ETH UPDATE

Right now $ETH is once again lagging behind $BTC — but this is a structure we’ve seen many times before. Nothing new here.
At the moment I’m not extremely bullish on $ETH, but I’m also not bearish enough to be out of it completely.
I’m not the kind of trader who claims “I sold the exact top.” That’s not my game.
I did take partial profits around 4,400, and then re-entered the 3,200–3,300 zone. That adjustment significantly improved my overall positioning.
I originally accumulated $ETH between March and April last year, with an average entry around 1,800 USD.
$ETH is currently the only asset in my portfolio that is still in profit. Everything else is sitting in drawdown — roughly -30% to -60% — which is a normal reality in alt cycles when you are averaging in over time.
Without that approach, my average entry across alts would be much worse.
Now the key point:
Until we see a strong impulsive candle like the one we had in May last year, there is no real bullish confirmation for $ETH.
What is needed is a single aggressive expansion candle that:
- fully absorbs the January downside
- reclaims and closes above 3,200 with strength
Anything below that level is just a dead cat bounce.
No exception.
We are not in a confirmed expansion phase for $ETH until that structure is broken with conviction.
My portfolio: $TEL $TIA $APT $AVAX $ETHFI $LDO $OP $ETH $ONDO $ENA $MANTA $ALGO $ZK $XNO
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