ETU (4H) — Clear rejection from the 45 supply (5M sold) after a lower high. Price is now sitting on the rising trendline at the top of the weekly gap (~29-31). A sustained break below 29 likely accelerates a gap-fill toward 25 and 20. Distribution is concentrated at 45-49 (12M sold) with a final sell wall at the double top near 60. Absorption expected first around 25, then 20.
Upside targets:
31-32 (gap reclaim) → 45 (major supply) → 49.
Downside targets:
25 (support) → 20 (daily support) → 12-16 box; extension 10.
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