Ethereum surged about 35% in a week and has spent five days resting inside a 2,414-2,565 dollar box, with price currently sitting in the upper half of that box.
At 2,449-2,471 dollars, recent lows overlap with the pullback zone of this advance. On top of that, those betting on a decline are the ones paying the fee, so any dip may stay shallow.
2,414 dollars is the floor of the five-day box. A close below it would break the pattern of steadily rising lows, which is why the stop sits just under it at 2,409 dollars.
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.
