📌 $ETH shot sharply and is already hitting a dense cluster of resistance — this is where it will be decided whether there is enough strength to continue.
📈 Since 2409,49, the market has surged straight into the 2463,86–2596,53 zone, where three factors converge at once: 1 Month IMB, Fibo 0.5–0.618, and Weak High. Such a concentration is rarely broken through on the first attempt — more often there’s a pullback to build liquidity.
🔻 If resistance holds, we expect a downward move through the levels: ~ 2385 → ~2177 → 1987, and if weakness develops — 1736 and 1503.
🎯 Where could the movement go if the drop is fully realized — the 1470–1384 area. There is an old May consolidation (1493–1630), meaning this zone has already been worked by the market and historically attracts price. But this is an extreme, far target, not a base reference point.
🌐 In the background — the dynamics of Fed decisions and capital flows into the ETH-ETF, which may either provide momentum for a breakout or accelerate the pullback.
⚖️ For now, the balance is tilted toward caution: 2463–2596 is a strength test for the bulls, nothing more.
What do you think — will resistance hold, or will ETH dip deeper? 👇
❗️Be careful and stay attentive. Always follow risk management.
$ETH
📈 Since 2409,49, the market has surged straight into the 2463,86–2596,53 zone, where three factors converge at once: 1 Month IMB, Fibo 0.5–0.618, and Weak High. Such a concentration is rarely broken through on the first attempt — more often there’s a pullback to build liquidity.
🔻 If resistance holds, we expect a downward move through the levels: ~ 2385 → ~2177 → 1987, and if weakness develops — 1736 and 1503.
🎯 Where could the movement go if the drop is fully realized — the 1470–1384 area. There is an old May consolidation (1493–1630), meaning this zone has already been worked by the market and historically attracts price. But this is an extreme, far target, not a base reference point.
🌐 In the background — the dynamics of Fed decisions and capital flows into the ETH-ETF, which may either provide momentum for a breakout or accelerate the pullback.
⚖️ For now, the balance is tilted toward caution: 2463–2596 is a strength test for the bulls, nothing more.
What do you think — will resistance hold, or will ETH dip deeper? 👇
❗️Be careful and stay attentive. Always follow risk management.
$ETH