Ethereum: +80% in a Month — What’s Next?Hey traders and investors!
The price of ETH has surged by more than 80% over the past 30 days, but the momentum is starting to slow.
To understand the current position, we’re using the magic of timeframe switching and focusing on the 15-day chart.
Key Observations
1️⃣ A sideways range (consolidation) has formed on the 15D chart, with anchor points 1–6 (see chart).
2️⃣ The last major initiative came from sellers (move from point 5 to 6), and it includes some key features:
The initiative pushed below the lower boundary of the range — $2111.
The highest volume occurred on the last bar of this move (IKC bar).
The IKC bar absorbed liquidity not only below point 4 of the range but also below point 0 — the origin of the price move that preceded the formation of the range.
3️⃣ Buyers began developing their initiative by absorbing the sellers’ IKC bar, pushing price back into the range, and forming a buyer zone (blue rectangle on the chart, with the upper boundary at $1957).
4️⃣ Buyers have already reached the first target — $2717 (point 1 level).
What Does It Mean?
The rapid rally may slow down — the market likely needs some consolidation or a pullback.
A correction toward $2111 or even $1957 is possible. Both zones are attractive for medium-term long setups.
The medium-term bullish scenario remains valid as long as price stays above $2111.
Trade Outlook
📈 Long zones: $2111, $1957, or after a breakout and hold above $2717
🎯 Targets: $3744, then $4100
📉 Shorts are currently not justified — sellers show no real strength
Be ready for a potential “pause” in the rally and watch buyer activity — they currently hold the initiative (!).
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
