Ethereum has printed a double bottom wick rejection just above the 2,468 level and is now attempting a breakout above the local range high. Price has reclaimed structure, indicating potential momentum toward key fib resistances.
Key Technical Zones:
Support Zone: 2,468 – local double bottom (0% fib)
Breakout Level: 2,544 (0.236 fib)
Targets:
TP1: 2,590
TP2: 2,628
TP3: 2,666 (0.618 fib / likely exhaustion zone)
Scenario Outlook:
🟩 Bullish Path:
Strong rejection from 2,468 confirms demand
Push through 2,544 unlocks path to mid 2,600s
Trend continues if macro holds above 2,500
🟥 Bearish Reversal:
Rejection near 2,590–2,666
Bearish engulfing back below 2,507 invalidates this long setup
Could revisit 2,468 and break to 2,440s
Play Idea:
Entry: Reclaim 2,544 with confirmation
SL: Below 2,496
TP1: 2,590
TP2: 2,628
TP3: 2,666
📌 “ETH bulls defend the low — the battle now shifts to mid-range fib control.”
Key Technical Zones:
Support Zone: 2,468 – local double bottom (0% fib)
Breakout Level: 2,544 (0.236 fib)
Targets:
TP1: 2,590
TP2: 2,628
TP3: 2,666 (0.618 fib / likely exhaustion zone)
Scenario Outlook:
🟩 Bullish Path:
Strong rejection from 2,468 confirms demand
Push through 2,544 unlocks path to mid 2,600s
Trend continues if macro holds above 2,500
🟥 Bearish Reversal:
Rejection near 2,590–2,666
Bearish engulfing back below 2,507 invalidates this long setup
Could revisit 2,468 and break to 2,440s
Play Idea:
Entry: Reclaim 2,544 with confirmation
SL: Below 2,496
TP1: 2,590
TP2: 2,628
TP3: 2,666
📌 “ETH bulls defend the low — the battle now shifts to mid-range fib control.”
Smart Money signals. Hourly trades.
📍Telegram: t.me/smartflowblog
📍Telegram: t.me/smartflowblog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Smart Money signals. Hourly trades.
📍Telegram: t.me/smartflowblog
📍Telegram: t.me/smartflowblog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.