ETHUSD 4H | Bullish Retracement SetupEthereumCRYPTO:ETHUSDomerijaz27ETH has been showing strong bullish structure after breaking out of the consolidation range that held price for several weeks. On the Daily timeframe, price has broken above the previous range high around $2,550 following a strong move from the $2,360 area. This keeps my overall bias bullish, but I do not want to chase price after such a strong move. On the 4H, I have marked the latest bullish impulse from approximately $2,361 to $2,663. The Fibonacci retracement gives me the following levels: 38.2% around $2,547 50% around $2,512 61.8% around $2,476 My main area of interest is around $2,440 to $2,480. This area contains the 4H order block, previous structure and is close to the 61.8% Fibonacci retracement. If price comes back into this area, I will look for confirmation on the lower timeframe rather than entering immediately. Ideally I want to see price react from the zone, followed by a bullish CHoCH and continuation in structure before considering an entry. My invalidation is below $2,355, as a break below this level would invalidate the structure I am basing the setup on. The first target would be the recent high around $2,662. If that high is broken with strength, I would then look for continuation opportunities above it. For now, price is trading around $2,576, so I am happy to wait. The idea is not to chase ETH at current prices, but to wait for price to come back into my area and let the market confirm the setup. Bias: Bullish Area of interest: $2,440 to $2,480 Invalidation: Below $2,355 First target: $2,662 Execution: Lower timeframe bullish confirmation This is the setup I am watching, not a prediction. If price does not return to my area or does not give confirmation, there is no trade. #ETHUSD #ETH #Ethereum #Crypto #TechnicalAnalysis #PriceAction #MarketStructure