$ETH Smart Money Concepts to provide real value to my followers.
Headline: ETH Testing the $2,400 Supply Zone: Fakeout or Breakout? 🧵
Body:
Ethereum is currently at a massive crossroads. After reclaiming the $2,300 level, we are now staring directly at a heavy Horizontal Supply Zone near $2,400.
Here is what the "Smart Money" is looking for right now:
1. The Liquidity Void (FVG):
On the daily chart, ETH has left behind a small Fair Value Gap (FVG) just below the current price. While the momentum looks bullish, the algorithm often likes to fill these imbalances before a sustained move higher. Don't be surprised if we see a quick "wick" down to $2,250 to collect sell-side liquidity.
2. The Resistance Barrier:
The $2,400 level aligns with the 100-day Moving Average and a major cost basis for whale cohorts (1K–10K ETH holders). Breaking this isn't just about price; it's about breaking the "psychological ceiling" that has held firm for months.
3. Displacement is Key:
If we see a strong, high-volume candle close above $2,400 on the 4H or 1D timeframe, the next target is the $2,600 Supply Zone. Without clear displacement, this could easily turn into a "SFP" (Swing Failure Pattern) to trap retail longs.
My Game Plan:
I’m waiting for a confirmed breakout and retest of the $2,400 level as a New Demand Zone before looking for long entries. Trading is about patience, not chasing green candles.
What’s your move? Are you longing the breakout or waiting for a sweep of the lows? Let’s discuss in the comments! 👇
Recommended Visuals:
Screenshot: A 4-hour
$ETH chart with the $2,400 resistance level highlighted in red and the $2,200-$2,250 demand zone in green.
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