ETH at $2,218 after Tuesday's 8% impulse from the ~$2,060 low into the current zone.
What the Volume Profile shows:
POC sits around $2,180–$2,220. That's where the bulk of volume has built up. ETH is trading right at the POC, meaning the market currently accepts this level as fair value.
Key levels:
L1 (~$2,185) has been tagged and is now acting as support. Below that, L2 (~$2,100) is the next demand zone. L3 at ~$2,040 marks the structural low.
To the upside:
volume thins out above $2,220 (LVN). That means fast moves are possible, but there's little structural support. The supply zone at $2,300–$2,340 is the next major resistance, with an unmitigated orderblock from the prior selloff sitting there.
Context:
Structure has shifted bullish on the 1H with the iShift. But the impulse was aggressive. A retest of the L1 zone around $2,185 or the 50% level of the last impulse would be healthy before a move toward $2,300 carries real weight. Running straight into the supply zone without a pullback leaves the move vulnerable to rejection.
Not trade advice. Structure only.
What the Volume Profile shows:
POC sits around $2,180–$2,220. That's where the bulk of volume has built up. ETH is trading right at the POC, meaning the market currently accepts this level as fair value.
Key levels:
L1 (~$2,185) has been tagged and is now acting as support. Below that, L2 (~$2,100) is the next demand zone. L3 at ~$2,040 marks the structural low.
To the upside:
volume thins out above $2,220 (LVN). That means fast moves are possible, but there's little structural support. The supply zone at $2,300–$2,340 is the next major resistance, with an unmitigated orderblock from the prior selloff sitting there.
Context:
Structure has shifted bullish on the 1H with the iShift. But the impulse was aggressive. A retest of the L1 zone around $2,185 or the 50% level of the last impulse would be healthy before a move toward $2,300 carries real weight. Running straight into the supply zone without a pullback leaves the move vulnerable to rejection.
Not trade advice. Structure only.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.