Ethereum at the edge of dump
Year VWAP VAH was at 3645 (same as March close) - ETH dipped below it and yesterday went up for bearish re-test, where it got rejected. That hugely increase chances for further retracement towards breakout level around 3260-3340 at least.
Year VWAP is around 3123 and act as high timeframe magnet for the price. By the time ETH gets to it, most probably it will rise higher and meet the zone I've mentioned above.
ETH ETF will be approved by the end of this summer, so long term I stay bullish. The only question, is where to buy. Zone of interest for me starts under 3400 and I will monitor price action there to catch that bottom (after lower timeframe confirmation of course).
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