CME - ETH 3DETH had a very interesting bullish signal flash on the CME chart.
Not only did we get the brief flush below $3k to wipe out overleveraged longs, but we also printed a massive 3 day Doji. Unusually dojis mark reversals of a trend and since we were in brief downtrend this could reverse price back to the upside.
Not only that but we also flipped old resistance into new support.
The ETH highs of Aug 2024 that marked the top back then just marked our bottom of new support (purple line). This shows that key liquidity level in the past is still a key level to focus on.