Ethereum is sitting in the kind of zone where patience can suddenly turn into momentum.
ETH is around 2381 and the 24 hour move shown is negative, but that does not automatically mean the structure is finished. In fact, this is exactly where traders should be watching whether sellers can actually push price through support or whether buyers are quietly absorbing the pressure.
The market is seeing a major increase in trading activity, with total crypto volume recently reported around 348 billion dollars. Bitcoin dominance is close to 60 percent, which means capital is still concentrated in the strongest part of the market. The next stage I am watching is whether that dominance eventually starts weakening and capital rotates into large cap altcoins.
ETH is one of the first names I want to watch if that rotation begins.
The key support area is 2300 to 2340. If that zone holds and ETH reclaims 2400, momentum can start building toward the next resistance areas.
My setup
EP 2350 to 2400
Support Zone 2300 to 2340
TP 2480
TP 2600
SL 2280
The setup becomes much stronger if ETH can hold above 2400 and start printing higher lows.
This is where patience matters. The market can stay quiet for longer than expected, and then move much faster than expected.
I am ready for the move.
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