Update on ETH short, as seen from price action, we are consolidating on the higher tf and will only be looking for continue downside on ETH if we can see a clean break of this bullish structure and forming new lows breaking below 1230. I won't be surprised if ETH takes a dump from here to wipe out the lows to around 1000 before heading back up again. This is in line with the dxy forming a double top at 106-107 region before heading lower. However, we cannot rule out the possibility of an upside from here as well as higher lows and higher highs are forming. We are well positioned into ETH in spot buys as stated during the accumulation phase as seen on the BTC chart posted weeks ago. This short play is a hedge if we do see a final leg down lower. All in all, both upside or downside is a win for us and for those who want to get out of the ETH short with a small profit please do or wait for the break and retest of bullish structure before reentering again.