$ETH 1D SETUP | FAKEOUT CONFIRMED, STRUCTURE SHIFT AWAITS
#ETH is currently trading around $2,148 after a clear fakeout Between $2,230-$2,400, indicating a liquidity grab and rejection from short-term supply. Multiple Break of Structure (BOS) confirmations show bears still in control since the $4,957 TOP.
Technical Structure:
✅ Multiple BOS to downside → bearish trend still intact
✅ Fakeout above $2,300 → liquidity sweep + rejection
✅ FVG at $2,474–$2,634 → key imbalance yet to be filled
✅ Bearish OB at $2,898–$3,034 → strong HTF resistance
✅ Descending trendline → dynamic resistance holding
✅ $1,840 support zone → potential demand reaction area
Invalidation: Daily close below $1,840 → opens downside toward $1,300 accumulation zone
Patience is key here. No confirmation for longs until ETH reclaims $2,500 with strength. Until then, market remains range-bound within a bearish bias, with potential for another liquidity sweep.
TA Only. Not Financial Advice. DYOR.
#ETH is currently trading around $2,148 after a clear fakeout Between $2,230-$2,400, indicating a liquidity grab and rejection from short-term supply. Multiple Break of Structure (BOS) confirmations show bears still in control since the $4,957 TOP.
Technical Structure:
✅ Multiple BOS to downside → bearish trend still intact
✅ Fakeout above $2,300 → liquidity sweep + rejection
✅ FVG at $2,474–$2,634 → key imbalance yet to be filled
✅ Bearish OB at $2,898–$3,034 → strong HTF resistance
✅ Descending trendline → dynamic resistance holding
✅ $1,840 support zone → potential demand reaction area
Invalidation: Daily close below $1,840 → opens downside toward $1,300 accumulation zone
Patience is key here. No confirmation for longs until ETH reclaims $2,500 with strength. Until then, market remains range-bound within a bearish bias, with potential for another liquidity sweep.
TA Only. Not Financial Advice. DYOR.
