Chart timeframe: 6H | Exchange: Coinbase
Price at post: $1,816
Ethereum is currently consolidating inside a major demand zone between $1,536 – $1,850, where we’ve seen multiple strong rejections to the downside. This orange zone represents a key institutional accumulation range. Price has tested this area multiple times, building a strong base of support.
Key Technical Highlights:
Demand Zone (Highlighted in Orange): ETH has respected this zone since April, showing accumulation by smart money.
Supply Zone (Blue Zone): Major resistance starts around $2,637, with peak volume interest visible up to $3,557 – a key profit-taking zone if the bullish breakout occurs.
Visible Range Volume Profile: Clearly shows heavy past activity in the upper blue zone. If ETH reclaims $2,000+, expect volume-driven momentum into $2,637 and potentially $3,557.
Bullish Structure Potential: The pattern is forming a potential Wyckoff Accumulation, with Spring & Test around $1,536. Watch for a breakout above $2,000 to confirm a bullish trend reversal.
Short-Term Plan:
Bullish Confirmation Above: $2,000 – look for breakout volume and candle close on the 6H/1D timeframe.
Targets: $2,637 (first take profit), $3,557 (major supply zone).
Invalidation: Break and close below $1,500.
Outlook:
Ethereum looks poised for a significant breakout if the current range holds. Watch for bullish confirmation above key levels, especially as volume begins to rise. The current consolidation might be the calm before a powerful move – don’t miss it.
Do you think ETH will break out or break down? Comment your bias below!
If you found this helpful, like and follow for more smart money breakdowns.
#ETHUSD #Ethereum #CryptoTrading #SmartMoney #SupplyAndDemand #Wyckoff #LuxAlgo #TradingView #Altcoins #Bitcoin
Price at post: $1,816
Ethereum is currently consolidating inside a major demand zone between $1,536 – $1,850, where we’ve seen multiple strong rejections to the downside. This orange zone represents a key institutional accumulation range. Price has tested this area multiple times, building a strong base of support.
Key Technical Highlights:
Demand Zone (Highlighted in Orange): ETH has respected this zone since April, showing accumulation by smart money.
Supply Zone (Blue Zone): Major resistance starts around $2,637, with peak volume interest visible up to $3,557 – a key profit-taking zone if the bullish breakout occurs.
Visible Range Volume Profile: Clearly shows heavy past activity in the upper blue zone. If ETH reclaims $2,000+, expect volume-driven momentum into $2,637 and potentially $3,557.
Bullish Structure Potential: The pattern is forming a potential Wyckoff Accumulation, with Spring & Test around $1,536. Watch for a breakout above $2,000 to confirm a bullish trend reversal.
Short-Term Plan:
Bullish Confirmation Above: $2,000 – look for breakout volume and candle close on the 6H/1D timeframe.
Targets: $2,637 (first take profit), $3,557 (major supply zone).
Invalidation: Break and close below $1,500.
Outlook:
Ethereum looks poised for a significant breakout if the current range holds. Watch for bullish confirmation above key levels, especially as volume begins to rise. The current consolidation might be the calm before a powerful move – don’t miss it.
Do you think ETH will break out or break down? Comment your bias below!
If you found this helpful, like and follow for more smart money breakdowns.
#ETHUSD #Ethereum #CryptoTrading #SmartMoney #SupplyAndDemand #Wyckoff #LuxAlgo #TradingView #Altcoins #Bitcoin
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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.