ETH · 1H · SIDEWAYS
My previous long scenario from September 15 triggered above 2,567, and price has since pulled back beneath that trigger to 2,489 — that read is effectively failed and I'm starting clean. The structure on this chart is a wide range: spike high near 2,680 printing a lower high at roughly 2,615, price now mid-range at 2,490 between stacked liquidation clusters below (2,411, 2,353, 2,275) and clusters above (2,506, 2,647, 2,778). Daily trend is UP, so I'm not hunting shorts — but I'm not long mid-range either. I'm not touching this here. Here's the map for each resolution.
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LONG (CONDITIONAL) SCENARIO
Confirmation
2,567
1H close above 2,567 — reclaims the dense liquidation cluster that has capped price; 2,647 is a waypoint inside this move and is noted as such, not a target. Invalidation sits 214 points below confirmation (2,567 − 2,353). Target 1 must sit at least 1.2 × 214 = 257 points above confirmation, i.e., at or above 2,824.
Invalidation
2,353
1H close below 2,353 — breaks through both the 2,411 and 2,353 dense clusters; post-September base structure has failed.
Target 1
2,830
257 points above confirmation; the dense cluster at 2,778 is the structural magnet in this zone, and 2,830 is the minimum objective that clears the 1.2:1 bar, consistent with the measured extension from the 2,353–2,567 base projected higher.
Target 2
2,900
Round-number extension beyond the 2,778 cluster; next clean objective if the move extends.
Risk/Reward
(2,830 − 2,567) / (2,567 − 2,353) = 263 / 214 = 1.2:1
Confidence
MEDIUM — daily trend is UP, news backdrop is constructive (SEC innovation exemption, institutional ETH accumulation), but price needs to reclaim 2,567 cleanly before this lives
SHORT — NO SETUP SCENARIO
Confidence
that there is no short setup here: HIGH
Resistance: 2,567 / 2,647 / 2,778
Support: 2,411 / 2,353
This is not financial advice. Content is AI-generated.