$ETH 1D SETUP | FAKEOUT CONFIRMED, STRUCTURE SHIFT AWAITS



#ETH is currently trading around $2,148 after a clear fakeout Between $2,230-$2,400, indicating a liquidity grab and rejection from short-term supply. Multiple Break of Structure (BOS) confirmations show bears still in control since the $4,957 TOP.

Technical Structure:
✅ Multiple BOS to downside → bearish trend still intact
✅ Fakeout above $2,300 → liquidity sweep + rejection
✅ FVG at $2,474–$2,634 → key imbalance yet to be filled
✅ Bearish OB at $2,898–$3,034 → strong HTF resistance
✅ Descending trendline → dynamic resistance holding
✅ $1,840 support zone → potential demand reaction area

Invalidation: Daily close below $1,840 → opens downside toward $1,300 accumulation zone

Patience is key here. No confirmation for longs until ETH reclaims $2,500 with strength. Until then, market remains range-bound within a bearish bias, with potential for another liquidity sweep.

TA Only. Not Financial Advice. DYOR.
ETH0,51%
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CryptoNews_every_dayvip
· 16m ago
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