FenzoFx—Ethereum rose from $2,539.5, backed by VWAP and volume profile, but momentum eased after hitting the $2,651.0 weekly high. Stochastic signals overbought conditions at 87.0, hinting at possible consolidation or downside pressure.
Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0.
Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.
Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0.
Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.