ETH · 1H · DOWNTREND
The short setup I've been carrying forward for the past two reads is still alive and untriggered — price never touched the 2,340–2,353 zone needed to activate it. The lower-high structure on this chart remains intact: every bounce since the high visible at the left edge has printed a lower high, the daily trend is down, and price at 2,304 is now pressing right up against the zone I've been waiting for. That 2,332 liquidation cluster sitting just above current price is the first magnet, and the 2,340–2,353 zone is immediately behind it — the two are essentially the same target. I'm watching this rally closely: if price pushes into 2,340–2,353 and then closes a 1H candle back below 2,320, that's the rejection I've been waiting to confirm, and the lower-high structure prints on cue.
CONTINUATION SCENARIO
Carried forward from
Sun, 01 Nov 2026 — SHORT (conditional)
Confirmation
2,340
Already defined — on a rally to the 2,340–2,353 zone, a 1H close back below 2,320 confirms the rejection; price is now pressing into this zone but no confirming close has printed yet.
Invalidation
2,420
1H close above 2,420 — unchanged; a close there breaks the lower-high structure and voids the thesis.
Target 1
2,180
Dense liquidation cluster below.
Target 2
2,014
Extended move; next dense cluster below.
Confidence
MEDIUM — structure is intact and price is approaching the trigger zone, but the rally has been sharper than expected and the 2,332 cluster above could add fuel before a turn
Resistance: 2,353 / 2,420
Support: 2,186 / 2,087
This is not financial advice. Content is AI-generated.