ETHUSDT — Long swing setup (1D)
THE SETUP
ETH has built a clean staircase of higher lows through July (~1,450 to 1,600 to 1,700 to 1,800 to now ~1,870) while capped by the $2,000 round number — an ascending triangle. Rising demand into fixed resistance is a bullish continuation structure, and $2,000 is stacked with shorts (reports cite ~$975M above $1,952). A reclaim would force covering — squeeze fuel.
CONFLUENCES
- Daily uptrend intact: higher lows, structure unbroken above $1,800
- Entry at rising support / prior structure, $1,845–$1,880
- Ascending triangle: flat $2,000 resistance + rising lows
- Funding positive but not overheated — room to run
- Whale accumulation (10k ETH off Binance; a16z 25k+ ETH) into a heavy short cluster
- Clean invalidation below $1,800, RR ~1.8:1 to TP1
FUNDAMENTALS
Whales and long-term holders accumulated on exchange outflows through late July while ~$1–2B of shorts sit at/above $2,000. Glamsterdam upgrade targeted H2 2026. Note: spot ETH ETFs saw net outflows recently — a mixed signal, which is why the $1,800 invalidation is firm.
TRADE PLAN
Entry zone: 1,845 – 1,880
Stop loss: 1,795 (below the $1,800 July higher-low structure)
TP1: 1,985 (+6.6% | ~1.8R)
TP2: 2,100 (+12.8% | ~3.5R)
TP3: 2,250 (+20.8% | ~5.8R)
Invalidation: a daily close below $1,800 kills the idea.
Follow for the daily levels — updates posted on this idea as it plays out.
Not financial advice. Trade your own plan and manage risk.
THE SETUP
ETH has built a clean staircase of higher lows through July (~1,450 to 1,600 to 1,700 to 1,800 to now ~1,870) while capped by the $2,000 round number — an ascending triangle. Rising demand into fixed resistance is a bullish continuation structure, and $2,000 is stacked with shorts (reports cite ~$975M above $1,952). A reclaim would force covering — squeeze fuel.
CONFLUENCES
- Daily uptrend intact: higher lows, structure unbroken above $1,800
- Entry at rising support / prior structure, $1,845–$1,880
- Ascending triangle: flat $2,000 resistance + rising lows
- Funding positive but not overheated — room to run
- Whale accumulation (10k ETH off Binance; a16z 25k+ ETH) into a heavy short cluster
- Clean invalidation below $1,800, RR ~1.8:1 to TP1
FUNDAMENTALS
Whales and long-term holders accumulated on exchange outflows through late July while ~$1–2B of shorts sit at/above $2,000. Glamsterdam upgrade targeted H2 2026. Note: spot ETH ETFs saw net outflows recently — a mixed signal, which is why the $1,800 invalidation is firm.
TRADE PLAN
Entry zone: 1,845 – 1,880
Stop loss: 1,795 (below the $1,800 July higher-low structure)
TP1: 1,985 (+6.6% | ~1.8R)
TP2: 2,100 (+12.8% | ~3.5R)
TP3: 2,250 (+20.8% | ~5.8R)
Invalidation: a daily close below $1,800 kills the idea.
Follow for the daily levels — updates posted on this idea as it plays out.
Not financial advice. Trade your own plan and manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.