$ETH still inside this channel, but things are getting to a decision point. Heads up!

We've got several key areas to note here: First, we're sitting right at support at $2,915, and barely holding on. Second, we're so close to the edge of this channel, and clearly, we were rejected at the 50DMA and the edge of the channel. And finally, we've got this shaded squeeze on the Daily waiting for a move. With the Phantom still bearish and us getting rejected at the edge, I would expect a downturn first before any sort of recovery. And being so close to the end of the year, I don't expect anything major to occur until we're past 2025.

Head on a swivel until we see some sort of recovery first. Hopium: the Weekly *does* look like it's getting ready to flip again, so something to watch heading into 2026 for sure. Definitely looks like it could flip soon, but again.. remains to be seen, and need to stay frosty until then. 🤘