Ethereum confirms turtle soup pattern, eyes $2,385 reclaim or $2,040 pullback

ETH rejects $2,480 after last week’s pump. Price stabilizes near range; bulls and bears set up a decision point.

Context. Last week’s move pushed Ethereum above $2,400, tracking Bitcoin. Momentum has cooled. Analysts flag an important timeframe where trend confirmation is likely.

Analyst view. Trader TheChartWhisperr says ETH swept higher-timeframe liquidity, tested $2,480, and was rejected, per this TradingView idea.

Channel in play. The move pushed price into an ascending channel near $2,346 that could cap upside.

Pattern signal. A turtle soup setup is now confirmed. The next leg can break either way.

Scenarios:
- Bull case: reclaim $2,385 on a 4H close to keep the uptrend, per the TradingView plan.
- Bear case: gravitational target sits at $2,040, where ETH may find equilibrium after a drop, per NewsBTC’s zone analysis.

“No entry without Gate 4. CVD on the lower timeframes determines whether this is a continuation short or a V-shaped recovery. The structure says down. The delta will confirm or deny.”

Source: TheChartWhisperr on TradingView.