Another slight push for $ETH but likely just a part of the previous short-term recovery phase.

Resistance was met at the solid black trendline which was around the high of the initial breakout (between solid blue and yellow).

A dashed blue line was added off the prior support low to further signify this hold.

From here I still believe we see a drop to 3k (low of ~2950) before a real attempt at reversal occurs.

Dipping into the next long-term zone (solid black lines parallel to purple line) would be an indication that we could dip even further and label this cycle as overall bearish .