ETH · 1H · SIDEWAYS
Price has been chopping between roughly 1,800 and 1,960 since mid-July, printing a series of swing highs and lows without a clear directional break. The most recent push tagged ~1,960 and immediately faded — sellers are defending that zone hard. Current price at 1,923 is mid-range, sitting below the horizontal red reference line visible across the chart, which lines up near prior reaction highs around 1,925–1,930. I'm not chasing anything here — mid-range entries give me no structural edge and the R/R is poor in both directions. I'm waiting for price to commit to one of the range extremes before I take a position.
LONG (CONDITIONAL) SCENARIO
Confirmation
1,960
Closing above 1,960 on a 1H candle with follow-through — that clears the range high and the horizontal resistance line visible on the chart.
Invalidation
1,800
Structure invalidated below 1,800, the clear range floor that held on the July 16 spike low.
Target 1
2,000
Psychological level and prior swing high from early July visible at the top of the chart.
Target 2
2,000
N/a — no structural level visible above 2,000 on this chart.
Risk/Reward
(2,000 - 1,960) / (1,960 - 1,800) = 0.25:1 — this is the problem, the range is wide, so I'd need a tighter stop or a deeper pullback before the breakout level
SHORT (CONDITIONAL) SCENARIO
Confirmation
1,955
Rejection at 1,955–1,960 resistance with a close back below 1,920 on the 1H confirms bearish structure returning toward range midpoint and lower.
Invalidation
1,960
Any close above 1,960 with momentum.
Target 1
1,860
Mid-range consolidation zone where price ground sideways July 18–20.
Target 2
1,800
Range floor support.
Risk/Reward
(1,960 - 1,860) / (1,960 - 1,920) = 2.5:1
Resistance: 1,955–1,960 / 2,000
Support: 1,860 / 1,800
This is not financial advice. Content is AI-generated.