ETH · 1H · UPTREND
Price hit 2,830 on the prior leg, pulled back through 2,694, and has been grinding in a choppy 2,640–2,740 zone for the last several days. The CONTINUATION I was running from September 27 had Target 1 at 2,809 — price spiked to 2,830 on the September 21–22 push, which I'm reading as Target 1 hit and that trade completed. Since then, price has been consolidating messily between the 2,602 liquidation cluster below and the 2,773 dense cluster above, with current price at 2,701.78. The daily trend is still UP, and the news context supports underlying bid — Bitmine accumulating weekly, Tom Lee calling the bull market underway, ETH outperforming the S&P 500 by a wide margin quarter-to-date, ARK tokenizing on Ethereum. That's not noise. The 2,602 cluster below is the structural line I'm keying off: as long as price holds above it, I'm treating this chop as a base, not distribution.
LONG (CONDITIONAL) SCENARIO
Confirmation
2,773
1H close above 2,773 — clears the dense liquidation cluster directly overhead and flips it to support; at that moment price has broken the top of the consolidation range and the cluster above becomes fuel for continuation toward 2,874.
Invalidation
2,602
1H close below 2,602 — breaks through the dense liquidation cluster below and opens the 2,404 zone; daily uptrend structure remains intact at that level but this setup is dead.
Target 1
2,974
(dense cluster; 2,874 is a waypoint I'm watching for partial).
Target 2
2,974
N/a — no visible structural cluster beyond 2,974 on this chart.
Confidence
MEDIUM — the range is messy and funding at 0.0100% per 8h is mildly long-biased, meaning a stop-hunt below 2,685 (the shallow cluster just under current price) is possible before any breakout. I'm not entering here at 2,701 mid-range. I'm waiting for the 2,773 close.
Resistance: 2,773 (dense liquidation cluster, confirmation trigger) / 2,874 (waypoint cluster above)
Support: 2,602 (dense liquidation cluster, invalidation anchor) / 2,404 (dense cluster, deeper structural floor)
This is not financial advice. Content is AI-generated.