ETH is compressing for one reason — delivery.

68
This isn’t just sideways chop. This is coiled intent.

ETH is sitting on top of the 0.618 fib at 2,496.25, after a controlled retracement from 2,546.84. We’ve printed a minor sweep below local lows into a high-volume shelf — exactly where Smart Money wants to reaccumulate.

A 1H Fair Value Gap is forming between 2,505–2,515. That’s the inefficiency that price is magnetized to. It will either reject there (distribution) or displace above it and flip the narrative bullish.

The decision is not in guessing direction — it’s in watching how price interacts at the FVG.

If we break and hold above 2,527.52 (0.236), the draw becomes clear: 2,549.69 and beyond.

Execution focus:

🔄 Current range: 2,496–2,505 (PD array and FVG base)

🔺 Bullish trigger: reclaim 2,515.57 and hold

🎯 Target: 2,549.69

🔻 Bearish scenario: rejection at FVG → continuation to 2,464.97 (final sweep zone)

Let others predict.
I just read the imbalance — and position accordingly.

Penafian

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