Ethereum jumped 17% in a single day last week to touch $2,548, and is now catching its breath in a range between $2,400 and $2,500.
It has broken above the $2,380–2,475 ceiling that capped it for five straight months from February to May, and right where that old ceiling flips into a floor — $2,385 to $2,408 — the 4-hour average price line and the lows of the past two days all overlap.
A break of $2,355 would mean this is the start of a decline rather than a healthy dip, which is exactly why the stop sits just below it at $2,338.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
