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$ETH
Nice, straightforward level-to-level setup. I’d like to see a reclaim of 2.3k for confirmation of upside continuation.
If price can establish LTF acceptance above that level, it provides a clear long trigger targeting the 2.7–2.8k region. This aligns with a higher timeframe SR level and the 0.618 Fibonacci retracement, where I’d anticipate a potential lower high forming ahead of the next leg down.
For shorts, see chart. Price is already trading below the Monday high and back beneath resistance.
If you’re looking for a Monday range setup, I’d consider entries around that SR level, with invalidation above the local high (2.6R).
#eth