ETHUSDT: ascending triangle long into the $2K short wall

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ETHUSDT: ascending triangle long into the $2K short wallEthereum / TetherUSBINANCE:ETHUSDTNambou_SignalsETHUSDT — Long swing setup (1D) THE SETUP ETH has built a clean staircase of higher lows through July (~1,450 to 1,600 to 1,700 to 1,800 to now ~1,870) while capped by the $2,000 round number — an ascending triangle. Rising demand into fixed resistance is a bullish continuation structure, and $2,000 is stacked with shorts (reports cite ~$975M above $1,952). A reclaim would force covering — squeeze fuel. CONFLUENCES - Daily uptrend intact: higher lows, structure unbroken above $1,800 - Entry at rising support / prior structure, $1,845–$1,880 - Ascending triangle: flat $2,000 resistance + rising lows - Funding positive but not overheated — room to run - Whale accumulation (10k ETH off Binance; a16z 25k+ ETH) into a heavy short cluster - Clean invalidation below $1,800, RR ~1.8:1 to TP1 FUNDAMENTALS Whales and long-term holders accumulated on exchange outflows through late July while ~$1–2B of shorts sit at/above $2,000. Glamsterdam upgrade targeted H2 2026. Note: spot ETH ETFs saw net outflows recently — a mixed signal, which is why the $1,800 invalidation is firm. TRADE PLAN Entry zone: 1,845 – 1,880 Stop loss: 1,795 (below the $1,800 July higher-low structure) TP1: 1,985 (+6.6% | ~1.8R) TP2: 2,100 (+12.8% | ~3.5R) TP3: 2,250 (+20.8% | ~5.8R) Invalidation: a daily close below $1,800 kills the idea. Follow for the daily levels — updates posted on this idea as it plays out. Not financial advice. Trade your own plan and manage risk.