ETH clears $2,400 after 2.5 months of consolidation. A hidden FVG zone between $2,475 and $2,634 could be the next major move. Not financial advice. Ethereum crossed back above $2,400 this week. That alone would be unremarkable. But the structure behind this move is what has traders paying closer attention. The asset spent roughly 2.5 months grinding sideways, compressing between familiar levels. That kind of consolidation does not usually end quietly. The $1,750 Floor That Actually Held CryptoPatel on X noted the move directly, pointing out that the $1,750 support zone held exactly as expected. ETH reclaimed $2,400, with the analyst confirming the asset is now trading around $2,315 after the initial push. The support held “perfectly,” according to CryptoPatel’s post. Those who accumulated near those lows are now sitting on a meaningful cushion heading into the next zone. That next zone is the one drawing attention. A Fair Value Gap between $2,475 and $2,634 is what analysts are calling a high-probability fill target. FVGs form when price moves so fast it skips over a range without trading through it. The market tends to revisit those areas. That revisit could come sooner than many expect. What Sits Above the FVG Past the FVG fill, the structure gets more contested. A bearish order block sits between $2,900 and $3,035. CryptoPatel, posting on X, described a confirmed break above that zone as the signal that would confirm an altcoin season. That is a fairly specific trigger, and the market is not there yet. The Ethereum price structure has been a source of debate for weeks now, with analysts split on whether the $2,000 to $2,400 range was building a base or simply stalling before another leg down. This week’s reclaim starts answering that question, though a single candle close is not confirmation. Long-term, CryptoPatel’s projection extends to $10,000 for ETH. That target sits far out on the chart and depends on a sequence of breakouts playing out cleanly. It is not the base case for the next few weeks. The Risk Scenario Nobody Wants to Talk About There is a worst-case scenario in the analysis too. A rejection at the $3,035 level could send Ethereum back toward the $2,000 to $1,500 zone. That range is wide. And a retest of $1,500 would represent a painful drawdown for anyone entering near current prices. CryptoPatel was direct about it. The altcoin season case depends entirely on ETH clearing that bearish order block above $2,900. Anything short of that and the macro structure stays uncertain. The setup right now is constructive, not confirmed. ETH has reclaimed a meaningful level. The FVG above is a realistic near-term target. But the order block at $2,900 is the real test, and the market has not gotten there yet. This article is based on technical analysis from cited sources and is intended as news coverage only. It does not constitute financial or investment advice. Always do your own research. The post Ethereum Reclaims $2,400 – Is a Hidden FVG the Altcoin Season Trigger? appeared first on Live Bitcoin News.

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