🧨 ETH: 2,700 IS THE WALL TO BREAK
ETH/USD on the 1W chart has recovered sharply from the June low near 1,550 and is now around 2,605. The bigger picture shows a climb through 1,832, 2,000 and the 2,412 Fibonacci zone, with price pressing into 2,700 resistance.
THE WEEKLY STRUCTURE
Entry: 2,450–2,600
Invalidation: 2,200
TP1: 2,700
TP2: 2,881
TP3: 3,200
The key feature here is the sequence of higher lows after the June capitulation. ETH rebuilt above 1,800, then accelerated through 2,000–2,200 before reaching the current resistance band.
📌 FOCUS ON 2,412
The 0.382 Fibonacci retracement is marked around 2,412. Price is holding above it, keeping the recovery structure intact. The next major reference is 2,700, where horizontal resistance sits on the broader chart.
A weekly close above 2,700 would change the structure again. Until then, this is a resistance test rather than a confirmed breakout.
🌊 THE PULLBACK SCENARIO
If ETH fails at 2,700, watch 2,400–2,470 first. A controlled retest there would be normal after the advance. The chart also sketches a deeper path toward roughly 2,100, so losing 2,200 would materially weaken the setup.
RSI is near 62 on the weekly timeframe. Momentum is positive, but the indicator is not at the extreme upper boundary shown on the chart.
⚙ ABOVE THE RANGE
Acceptance over 2,700 puts 2,881 in focus, matching the marked 0.5 Fibonacci level. Beyond that, the broader projection reaches toward 3,200.
ARKENSTON is a soulbound governance NFT within the STONfi ecosystem, designed to represent governance participation rather than a freely transferable token. It is connected to the protocol’s community governance model.
The key is simple: ETH has reclaimed the middle of the range. Now the market has to prove it can convert 2,700 from resistance into support before the higher targets become relevant on the weekly chart.
NFA - DYOR
$ETH
ETH/USD on the 1W chart has recovered sharply from the June low near 1,550 and is now around 2,605. The bigger picture shows a climb through 1,832, 2,000 and the 2,412 Fibonacci zone, with price pressing into 2,700 resistance.
THE WEEKLY STRUCTURE
Entry: 2,450–2,600
Invalidation: 2,200
TP1: 2,700
TP2: 2,881
TP3: 3,200
The key feature here is the sequence of higher lows after the June capitulation. ETH rebuilt above 1,800, then accelerated through 2,000–2,200 before reaching the current resistance band.
📌 FOCUS ON 2,412
The 0.382 Fibonacci retracement is marked around 2,412. Price is holding above it, keeping the recovery structure intact. The next major reference is 2,700, where horizontal resistance sits on the broader chart.
A weekly close above 2,700 would change the structure again. Until then, this is a resistance test rather than a confirmed breakout.
🌊 THE PULLBACK SCENARIO
If ETH fails at 2,700, watch 2,400–2,470 first. A controlled retest there would be normal after the advance. The chart also sketches a deeper path toward roughly 2,100, so losing 2,200 would materially weaken the setup.
RSI is near 62 on the weekly timeframe. Momentum is positive, but the indicator is not at the extreme upper boundary shown on the chart.
⚙ ABOVE THE RANGE
Acceptance over 2,700 puts 2,881 in focus, matching the marked 0.5 Fibonacci level. Beyond that, the broader projection reaches toward 3,200.
ARKENSTON is a soulbound governance NFT within the STONfi ecosystem, designed to represent governance participation rather than a freely transferable token. It is connected to the protocol’s community governance model.
The key is simple: ETH has reclaimed the middle of the range. Now the market has to prove it can convert 2,700 from resistance into support before the higher targets become relevant on the weekly chart.
NFA - DYOR
$ETH
