Ethereum has shown a strong impulsive rally after multiple Breaks of Structure (BOS) from early June, signaling a clear shift in market sentiment from bearish to bullish. Each BOS indicates that demand zones have been respected and liquidity has been efficiently used to fuel higher prices — a classic signature of institutional involvement.
🧠 Smart Money Insight
As price aggressively rallied into the resistance zone ($3,600–$3,800), the market entered a premium pricing area, where smart money typically offloads positions and hunts liquidity from late buyers. This area has historically been a high reaction zone — and as seen on the chart, ETH shows signs of buyer exhaustion, suggesting a possible short-term reversal.
🔁 Anticipated Market Behavior
A corrective move is likely from this resistance, and the first target for retracement lies in the support zone around $3,000–$3,200. This level aligns with:
Previous BOS retest area
Fair value imbalance fill
Mid-range equilibrium
If momentum continues downward, the next zone of interest will be the strong support region at $2,200–$2,400, which served as a major accumulation zone. That’s where large orders previously entered the market — and a strong reaction is expected again.
📊 Market Structure Summary:
BOS Confirmations: Validated bullish structure
Liquidity Grab: At resistance – potential sweep and reversal
Premium Zone Rejection: Smart money short opportunity
Discount Zone Targets: Support & strong support zones
✅ Conclusion
ETH is at a critical decision point. If price holds below resistance with continued bearish pressure, a retracement is not only healthy — it's expected. Traders should wait for confirmation of lower timeframe structure breaks before entering shorts, and target the $3,000 zone first, with eyes on $2,200 if momentum persists.
🧠 Smart Money Insight
As price aggressively rallied into the resistance zone ($3,600–$3,800), the market entered a premium pricing area, where smart money typically offloads positions and hunts liquidity from late buyers. This area has historically been a high reaction zone — and as seen on the chart, ETH shows signs of buyer exhaustion, suggesting a possible short-term reversal.
🔁 Anticipated Market Behavior
A corrective move is likely from this resistance, and the first target for retracement lies in the support zone around $3,000–$3,200. This level aligns with:
Previous BOS retest area
Fair value imbalance fill
Mid-range equilibrium
If momentum continues downward, the next zone of interest will be the strong support region at $2,200–$2,400, which served as a major accumulation zone. That’s where large orders previously entered the market — and a strong reaction is expected again.
📊 Market Structure Summary:
BOS Confirmations: Validated bullish structure
Liquidity Grab: At resistance – potential sweep and reversal
Premium Zone Rejection: Smart money short opportunity
Discount Zone Targets: Support & strong support zones
✅ Conclusion
ETH is at a critical decision point. If price holds below resistance with continued bearish pressure, a retracement is not only healthy — it's expected. Traders should wait for confirmation of lower timeframe structure breaks before entering shorts, and target the $3,000 zone first, with eyes on $2,200 if momentum persists.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
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.