The One Line That Decides Ethereum's Fate Right Now
Ethereum bounced off the Kijun-Sen on the daily chart, but the real signal to watch is the Chikou Span - the lagging line that tells you whether bull structure is actually holding. As long as it stays above the candlestick bodies from 26 periods back, ETH avoids a breakdown. A daily close below that level opens a direct path toward the $1,200 range.
ETH.XETH bounced of the Kijun-Sen. Cool. The Chikou Span is the only thing standing between "maybe this hurts less" and a very fast trip toward $1,200. Daily close below candlestick bodies and the structure's done. That's where we are.
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