$ETH - The market structure has improved a lot over the last couple of days, as the price has managed to durably hold above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months, and also break above the 0.618 Fibonacci POI around ~$3.1K.
That said, the price has now rejected at the 0.5 Fibonacci POI near ~$3.4K, which was expected, given that this level has been an important POI in the past as well.
Going forward, I believe that as long as the price continues to hold above the 1D Bull Market Support Band and the 0.618 Fibonacci POI, the most lik