Clean symmetrical recovery structure on $ETH weekly. This is textbook — when you see equal legs out of a low, you measure the first impulse and project from consolidation.
Next structural target sits at $3,344, which lines up perfectly with the 618 Fibonacci extension. That's a +22.5% move from current levels.
Why this matters: symmetrical patterns give you clean risk/reward. You know where structure breaks (below the consolidation low), and you know where the measured move projects (the 618). This isn't a guess — it's structure teaching you where price wants to go.
Watch for continuation above the recent swing high to confirm the leg is active. If we lose the symmetry and break structure below, the setup invalidates and you reassess.
That's how you read a chart like a textbook — measure, project, confirm, and always know your invalidation.
Next structural target sits at $3,344, which lines up perfectly with the 618 Fibonacci extension. That's a +22.5% move from current levels.
Why this matters: symmetrical patterns give you clean risk/reward. You know where structure breaks (below the consolidation low), and you know where the measured move projects (the 618). This isn't a guess — it's structure teaching you where price wants to go.
Watch for continuation above the recent swing high to confirm the leg is active. If we lose the symmetry and break structure below, the setup invalidates and you reassess.
That's how you read a chart like a textbook — measure, project, confirm, and always know your invalidation.
