Ethereum surged from around $1,860 to $2,548 over the past week and is now catching its breath between roughly $2,350 and $2,530.
At $2,420-$2,446 the recent lows and the short-term average price line overlap, and sellers look spent - the down day traded lighter volume than the rebounds.
A drop under $2,378 would break both the 22 August low area and the rising support structure at once, which is exactly why the stop sits just beneath it.
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.
