$ETH sitting right on $2500 support — clean fib level worth watching. Here's the structure:
Resistance overhead at $2823 (fib). That's your first ceiling if we bounce here.
If $2500 fails, next support drops to $2319 — another fib level with volume underneath. That's your invalidation zone for the bounce thesis.
Upside target: $3230 at the 50% retrace. That's where this setup pays if support holds and we reclaim structure.
Setup is simple: hold $2500, aim for $2823 then $3230. Break below $2500, reassess at $2319. Clean levels, clear plan.
Resistance overhead at $2823 (fib). That's your first ceiling if we bounce here.
If $2500 fails, next support drops to $2319 — another fib level with volume underneath. That's your invalidation zone for the bounce thesis.
Upside target: $3230 at the 50% retrace. That's where this setup pays if support holds and we reclaim structure.
Setup is simple: hold $2500, aim for $2823 then $3230. Break below $2500, reassess at $2319. Clean levels, clear plan.