$ETH sitting right on top of the weekly fib level at $2400 — this is your make-or-break zone. If it holds here, you're confirming new support and opening the door to higher levels. That's the textbook setup: retest old resistance as new support, then continuation.
Look at the structure. Top of the resistance line sits at $5952. That's your first major target if this base confirms. Beyond that, the 1.618 Golden Ratio extension lands at $7332 — classic Fibonacci target for impulse moves.
Here's what matters: $2400 needs to hold as support. Clean bounce here confirms the flip. Break below invalidates the setup and you're back in no-man's-land. Watch for confirmation on the weekly close — that's your signal.
Setup is clean. Levels are clear. Now we wait for confirmation or invalidation.
Look at the structure. Top of the resistance line sits at $5952. That's your first major target if this base confirms. Beyond that, the 1.618 Golden Ratio extension lands at $7332 — classic Fibonacci target for impulse moves.
Here's what matters: $2400 needs to hold as support. Clean bounce here confirms the flip. Break below invalidates the setup and you're back in no-man's-land. Watch for confirmation on the weekly close — that's your signal.
Setup is clean. Levels are clear. Now we wait for confirmation or invalidation.