ETH · 1H · UPTREND

My long from September 18 confirmed above 2,567 and that read is still running — price is now at 2,661, sitting just beneath the dense liquidation cluster at 2,706 that I flagged as the first magnetic zone above confirmation. The daily trend is up, the move has followed the structure cleanly, and I'm not closing this early. The 2,706 cluster is the immediate test: if price sweeps through it, the next dense cluster at 2,816 becomes the pull, and 2,830 as Target 1 remains valid. What I'm watching now is whether the cluster at 2,706 produces a clean rejection or gets consumed — a sweep with a close back below 2,700 would tell me the fuel above is spent and I'd tighten the leash; a clean push through with bodies closing above 2,710 and the move accelerates toward Target 1.

The news flow is supportive — $187M in net ETH inflows from U.S. investors this month, plus the tokenized-stock SEC angle providing a fundamental tailwind. That doesn't change the trade, but it confirms the daily bid is real.

Funding at 0.0235% per 8h is elevated but not extreme — longs are paying, which means a squeeze risk exists, but it's not at the crowded-extreme level that demands I fade my own position.