$WETH: Watching 1.21 closely for a move, but risks remain below

Been keeping an eye on $WETH today. The move back above 1.21 is interesting, and it looks like some conviction is building. If we can hold this level and consolidate here, I'd be looking for a potential continued push higher. It's not a clear breakout yet, but the intraday strength is noticeable after yesterday's chop.

That said, if we start to see rejection from 1.21 and fail to hold, especially if we dip back towards 1.18 or lower, that would invalidate the current bullish argument for me. The market's been pretty sensitive to those daily closes, and a quick retrace could mean another period of consolidation or even a test of lower support. Always have to consider both sides here.