Pullbacks are for buying on $ETH

GM,

First of all, I will start off with: This is NOT a bearish post on Ethereum. It's just a reminder of the current nature of the market.

Whenever the price of an asset rallies too much too fast and its daily Kijun (blue line) doesn't keep up, most of the time the Kijun turns flat and acts like a price magnet.

It's not a guarantee that it will happen this time as well. However, if it does and we do see a retrace to the $3,400 area or even a bit lower towards $3,200 that can be a great new entry for medium to long-term.

As long as we hold above the $2,800/ $3,000 area, nothing changes for Ethereum and its structure was and will remain bullish!