Cause — (quiet check, no driver)Trend above 200D (+25.0%)Stretch RSI3 82 · RSI14 80
HOLDING IT
WANT IN
SPIKE UP
TRIM$2,619
Ride it to the Jan-2024 high
At $2,513: no action. The sell-into-strength level stays $2,619 (Jan-2024 high), now only +4.2% away — stage the ~20–25% trim there.
BUYclose ≥ $2,470
Retest held — the confirmation is today's close
At $2,513: the $2,416 retest held and bounced 4%. A daily close at or above ~$2,470 is the confirmation the plan called for — enter on that confirmed close, not mid-bar, and know $2,619 sits 4% overhead.
DROP DOWN
HOLD$2,416
$2,416 is now the line under the trade
At $2,513: hold. A daily close back below $2,416 means the breakout failed — cut back to core there. Hard floor stays the 200-day at $2,011.
WAIT$2,416
Missed the retest? Wait for the next one
At $2,513: if you'd rather not buy the confirmed close, the next entry is a later pullback that holds $2,416. If that fails, stand aside toward the 200-day ($2,010–2,100).
Hard rule (invalidation): Daily close back below $2,416 = failed breakout, thesis dead; regime exit is the 200-day at $2,011. Base rate: After ≥2σ up-days above the 200D: 5d win 58%, avg +3.6% (n=19) — post-breakout strength tends to extend before it stalls.
Why this call
Evening update: the decision point from this morning resolved. ETH bounced off the $2,416 breakout retest to $2,513, +2.0% on the day (0.5σ — normal volatility, no driver needed).
Three days of sitting on the April high and the level held — today's move puts price above the ~$2,470 confirmation line intraday. If the daily close holds there, the breakout is confirmed: $2,416 becomes the floor of the move and the Jan-2024 high at $2,619 (+4.2%) becomes both the target and the trim zone. Mid-bar strength is not a close; the plan pays for that discipline precisely on days like this.
Base rates side with continuation: after ≥2σ up-days in this regime ETH's 5-day forward return wins 58% averaging +3.6% (n=19). The risk worth respecting is the failed-breakout close back under $2,416, not the strength itself.
Move+2.0% = 0.45σ (rank 489/1125 in 3y)
Regimeabove 200D ($2,011, +25.0%)
StretchRSI3 82 · RSI14 80 · −47% vs 52w high
Support$2,416 (−3.9%, held the retest)
Resistance$2,619 (+4.2%, Jan-2024 high = trim zone)
Daily vol4.4% — target is one normal day away
What happened after similar events
Forward returns after same-direction big moves in the same trend regime: