$ETH| 1D | BUY SETUP |
While the retail crowd panics over a 9% pullback triggered by the Senate's CLARITY Act failure, the daily chart is print-perfect, retesting its primary buying block with an asymmetric 1:4 risk-to-reward setup. 🚨
Current Structure:
Price: $2,417.55
Reaction: Rejected and pulled back -9.32% from its local high of $2,665.99 on Sep 12.
Pattern: Daily Horizontal Support Range / Accumulation Block.
Bias: Bullish as long as the $2,249.71 support floor holds.
"The Level That Decides Everything":
The $2,326.77 - $2,249.71 Daily Buying Order Block. Bids are queued at the $2,328.22 entry price. If this floor holds on a retest, it confirms a strong trend reversal to clear local range resistance. A daily close below $2,228.22 invalidates the setup.
Targets: Target 1 at $2,507.06, Target 2 at $2,728.22.
The Move So Far:
Down 9.32% from its local high of $2,665.99. On the macro scale, CRYPTOCAP:ETH is down 51.2% from its $4,953.73 All-Time High (Aug 2025) and up over +575,500% from its $0.42 All-Time Low (Oct 2015).
Fundraising Breakdown:
Total Raised: ~$18.3 Million worth of Bitcoin (approx. 31,591 BTC) in 2014.
Implied Launch Valuation: ~$22 Million at genesis. No venture capital rounds or private seed allocations existed prior to the public crowdsale.
ICO/IEO Entry Prices:
Public ICO finished in September 2014 at an average price of $0.311 per ETH. ICO investors received over 60M ETH. Today, this represents an annualized return on investment of over 270%, or a ~7,773x return on capital.
Unlock Pressure Ahead:
Locked Supply: 0% locked. 100% of the 122 Million supply has successfully vested. No early founder, team, or foundation cliff allocations remain to dilute holders.
Vesting: Fully circulating. New supply enters via programmatic staking validation (~3-6% APR), offset dynamically by EIP-1559 base-fee gas burns.
Key Levels:
Resistance 1 / Resistance 2: $2,507.06 / $2,728.22
Entry: $2,328.22 (inside Order Block)
Support (range): $2,326.77 - $2,249.71
Invalidation / Stop Loss: $2,228.22
Closing Thesis:
CRYPTOCAP:ETH ’s near-term price was temporarily hit by Washington’s regulatory gridlock, but the long-term fundamentals of the smart-contract economy remain untouched. Technically, the daily retest of the green order block offers a highly favorable 1:4.00 risk-to-reward ratio for swing traders. If the $2,249.71 support floor holds, the path to $2,728.22 is wide open. Below it, the story flips. 🎯
Bullish above $2,249.71. Below it, the story flips.
Not Financial Advice. ALWAYS DYOR.
TITradingView Ideas4h ago