ETH is currently in a pullback within its internal structure and remains bearish in its substructure.
The liquidity above the chart has been swept, and a significant order block has been cleared. After this cleanup, the price is now attempting to move toward lower zones, feeding on strong order blocks. If the liquidity pool aligns in the opposite direction, it may sweep that as well.
It is expected that Ethereum might bounce back upwards from the Support 1 level or after a liquidity hunt around that area.
Targets are marked on the chart. If it consolidates above the red zone, Ethereum could turn bullish. Let's analyze it step by step.
Closing a daily candle below the invalidation level will invalidate this analysis.
invalidation level:2978
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The liquidity above the chart has been swept, and a significant order block has been cleared. After this cleanup, the price is now attempting to move toward lower zones, feeding on strong order blocks. If the liquidity pool aligns in the opposite direction, it may sweep that as well.
It is expected that Ethereum might bounce back upwards from the Support 1 level or after a liquidity hunt around that area.
Targets are marked on the chart. If it consolidates above the red zone, Ethereum could turn bullish. Let's analyze it step by step.
Closing a daily candle below the invalidation level will invalidate this analysis.
invalidation level:2978
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
Ethereum has reached the specified zone and dropped by over 9%.Honestly, even the whales are at a crossroads. If this zone (Support 1) holds, it could bounce back upward from here. However, if for any reason this zone is lost, the market will likely make a strong bullish move from the lower zone (Support 2).
Due to the market's complexity, we aimed to analyze it step by step instead of making predictions, ensuring traders exercise the necessary caution.
Trade closed: target reached
Finally, it pumped over 14%, hitting both targets, and has now been rejected from the interchange zone. We will aim to release a new update on Ethereum soon in smaller timeframes. This trade is closed.
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.