Technical analysis by SmartFlowsI about Symbol ETH on 6 hour ago

ETH is holding just above a key fib cluster, showing signs of controlled distribution, not weakness. Smart Money doesn’t chase — they build positions while the crowd second-guesses.The Structure:Current Price: ~2,419Local High (Premium): 2,482.09Fib Retracements:0.236 → 2,394.72 (mild correction)0.382 → 2,340.68 (initial re-entry zone)0.5 → 2,296.99 (ideal discount)0.618 → 2,253.31 (deep entry, high confluence)0.786 → 2,191.11 (structure last line)Key Zones:FVG already filled during the move up — imbalance mitigatedOrder block (OB) at 2,191.11: high-probability reaction zoneStrategy Outlook:Scenario A (Shallow pullback):ETH tests 2,394 → 2,340, then continues the push to 2,482→ Aggressive buyers step in earlyScenario B (Deeper sweep):A drop to 2,296 → 2,253 opens the door for reaccumulation→ Classic Smart Money trap before the next rallyInvalidation:A break below 2,191 (and OB failure) kills this bullish narrativeExecution Logic:Accumulation Zones:Light: 2,340–2,296Strong: 2,253–2,191 (discount reload)Target:2,482Extension optional if momentum builds above recent highs