ETH could be setting up for another shakeout before the next leg higher.
Price pushed from around $1.9K into the $2.4K–$2.5K zone, where it’s now consolidating.
If the AMD structure plays out, I’d be watching $2.08K–$2.3K for a possible flush.
That dip may look bearish, but a quick reclaim of $2.4K–$2.5K would keep the bullish setup alive and put $3.2K–$3.4K in focus.
If ETH loses the $2.08K area and can’t reclaim, I’d forget this setup.
For now, I’m watching the reaction, not chasing the move.
Price pushed from around $1.9K into the $2.4K–$2.5K zone, where it’s now consolidating.
If the AMD structure plays out, I’d be watching $2.08K–$2.3K for a possible flush.
That dip may look bearish, but a quick reclaim of $2.4K–$2.5K would keep the bullish setup alive and put $3.2K–$3.4K in focus.
If ETH loses the $2.08K area and can’t reclaim, I’d forget this setup.
For now, I’m watching the reaction, not chasing the move.
