ETH – Rounded Distribution Before the Punch Higher?

What we’re seeing here is a potential fakeout setup within a value zone.
Notice the rounded top formation — looks bearish — but price refuses to break the low. This often sets the stage for a sharp reversal.

Structure Breakdown:

Volume profile shows acceptance in current range

Rounded top shape implies weakness — but no breakdown = trap potential

Price holds a higher low inside the range = absorption

Green box marks ideal long entry area — well-defined invalidation below

Bullish case:
We’re watching for that reclaim of the mid-level → quick push into the upper range
Target zone = 2,618 (clean inefficiency fill + local top)

Bearish trap scenario invalidated if price closes below red box (stop hunt level)

Strategy bias:
This is a compression-reversal trap — fake weakness to trap shorts, then launch.

Patience pays here — if it reclaims and consolidates at the mid, it’s time to ride.

📊 More setups like this, early in structure, are shared inside the account description. Tap in for the breakdowns.