Is this the testing phase? Can we reclaim the key level of 3430 and print a monthly candle close above it? Given that ETH ETF trading is expected to start by the end of July, I'm inclined to be bearish. I predict we'll finish below 3430, retest support/resistance at 3275, and revisit the uptrend line, slowly creeping up towards the end of July. While July is usually bullish for risk assets, considering the two potentially history-changing elections and the persistent "higher forever" thesis, I remain cautious with the economic announcements scheduled for next week. We'll see.