Ethereum has broken a weekly blind trigger and has now reached a higher-timeframe supply zone, which corresponds to the weekly timeframe.
Given the strength of the supply zone and the strong bullish momentum, there are currently two possible scenarios:
**Scenario 1:** It may have a pullback from this supply to demand before making an attack toward the all-time high.
**Scenario 2:** It may consolidate on the supply and go straight toward the all-time high.
In both scenarios, it is expected that after hunting the all-time high or moving slightly above it, the price will drop sharply toward lower levels.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Given the strength of the supply zone and the strong bullish momentum, there are currently two possible scenarios:
**Scenario 1:** It may have a pullback from this supply to demand before making an attack toward the all-time high.
**Scenario 2:** It may consolidate on the supply and go straight toward the all-time high.
In both scenarios, it is expected that after hunting the all-time high or moving slightly above it, the price will drop sharply toward lower levels.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
In previous analyses, we explained Ethereum’s possible movement scenarios. The red zone has been broken, price has pulled back to this area, and now it may move toward the recent top or even reach a new ATH.The stop loss is a daily candle closing below the red zone.
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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.