#ETHBreaks2400

2400 was always going to be the first real test once the expansion started.
ETH cleared it, extended as high as the mid-2500s, and is now trading near 2428 after a 3.45% pullback on the 4-hour. The short moving average sits at 2408, the 50-period remains far lower at 2041, and the upper Bollinger Band has been stretched out toward 2627. RSI has cooled from its peak but still reads 75.57. Volume was clearly elevated on the way up and has started to moderate on the current red candles. MACD remains positive though the histogram is no longer expanding at the same rate.
The structure is still an impulsive advance followed by the first meaningful pause. That pause is exactly where the market decides whether 2400 becomes accepted support or turns into a short-term rejection zone.
Bullish scenario: if price can stabilize above the 2400–2410 band and the short moving average holds, the next logical extension sits near 2500 and potentially the upper band area. The fact that the move already traveled this far with strong participation increases the probability that buyers will defend the first breakout level rather than abandon it immediately.
Bearish scenario: a clean break back below 2400 with follow-through would signal that the extension has run ahead of itself. In that case the chart would likely target the rising mid-range support near 2260–2300 where the previous consolidation and the middle Bollinger sit. Momentum this steep often corrects more than most expect once the initial urgency fades.
I am treating the break of 2400 as significant because it was achieved with clear volume and range expansion. At the same time the 4-hour RSI and the size of the advance both argue for at least a period of digestion. The next few candles around this level will show whether the market is willing to build on the breakout or whether it needs to reset first.
Did you add on the break of 2400, wait for a retest, or already reduce after the extension into the mid-2500s?
$ETH