Ethereum Bounced Off $2,406 for the 4th TIME!!
1 extracted signal · 0 resolved · 1 still active
Marzell CryptoIndependent analyst profile- Source published
- 13 Oct 2026, 10:05 UTC
- Recorded by Tahlil Plus
- 13 Oct 2026, 12:04 UTC
AI-generated source summary
Ethereum has shown resilience, bouncing off the 2406 floor multiple times since August. The price action suggests a potential inverse head and shoulders pattern is forming on the daily chart, with the left shoulder and head potentially completed, and the right shoulder in development. The current price of Ethereum hovers around 2406, with a target set around 2800. A daily close below 2200 would invalidate the bullish structure. Concurrently, Bitcoin has experienced a significant sell-off, with data indicating large whale movements from BTC to ETH. The ETH/BTC pair has reached an 8-week low, suggesting ETH is outperforming BTC. On the 4-hour chart, Ethereum appears to be consolidating within a box range between 2405 and the high from Thursday's trading session. The speaker has an open long position on ETHUSDT from 2451.97, with a stop loss moved to 2231 and a take profit at 3159.25. They intend to add to the position on a daily close above 2586.
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Marzell Crypto
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