According to Skew Δ, Ethereum's 4-hour chart shows a significant interaction with the value area low and a close near the weekly open, indicating a potential point of strength. The altcoin market, including Ethereum, is expected to remain closely correlated with the larger flows of Bitcoin and equities. The $2.7K to $2.8K range is identified as a crucial level for Ethereum to reclaim for a notable recovery. The weekly open is highlighted as a key indicator of market strength and control.

According to Skew Δ, Ethereum's current 4-hour price structure is under observation, with a focus on reclaiming the $2.9K - $3K range. The weekly open has not been reclaimed, suggesting traders remain cautious until Bitcoin determines market direction.

According to Skew Δ, after a mechanical bounce due to tariff market reactions, BTC failed to auction above the Value Area High (VAH) and faced rejection at the monthly open. Currently, the price is trading around the weekly open and the point of control (PoC), a significant area for trend development. Traders should monitor this area closely for potential market direction.