Ethereum has printed a lower low at point B, but quickly reclaimed the low of A — another sign of strength despite overall market weakness.
From a Wyckoff perspective, the elevated volatility around A may indicate a Selling Climax (SC), where panic selling was actively absorbed. The lower low at B followed by a sharp recovery fits the structure of a Terminal Shakeout, which reduces the floating supply before a potential Mark-Up phase.
Price is currently interacting with the descending R-line. A breakout above this level may signal the start of a bullish impulse.
What I expect next:
— Potential bullish breakout above the R-line
— Formation of a local uptrend within the channel
— Move toward the 3,350–3,450 resistance zone, where the mid-term trendline is located (marked as Target)
— Possible confirmation of a shift toward a more bullish market tone heading into the new week
From a Wyckoff perspective, the elevated volatility around A may indicate a Selling Climax (SC), where panic selling was actively absorbed. The lower low at B followed by a sharp recovery fits the structure of a Terminal Shakeout, which reduces the floating supply before a potential Mark-Up phase.
Price is currently interacting with the descending R-line. A breakout above this level may signal the start of a bullish impulse.
What I expect next:
— Potential bullish breakout above the R-line
— Formation of a local uptrend within the channel
— Move toward the 3,350–3,450 resistance zone, where the mid-term trendline is located (marked as Target)
— Possible confirmation of a shift toward a more bullish market tone heading into the new week
Supply And Demand Trading .com
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Supply And Demand Trading .com
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.