Ethereum is approaching a significant Weekly Demand Zone, an area where institutional buying has previously entered the market. After a prolonged bearish decline, price is nearing a high-probability Point of Interest (POI) that could serve as the foundation for the next major bullish move.
The current sell-off appears to be targeting liquidity resting below recent lows. If Ethereum sweeps this liquidity and buyers successfully reclaim bullish market structure, a strong reversal could develop from the Weekly Demand Zone.
As long as this higher-timeframe support holds, the probability of a sustained recovery increases. A confirmed bullish reaction from this area could trigger a long-term rally, with $3,400 acting as the first major upside objective.
Key Concepts Used:
* Smart Money Concepts (SMC)
* Market Structure
* Liquidity
* Liquidity Sweep
Potential Scenario:
* Support Zone: Weekly Demand / Weekly POI
* Bullish Confirmation: Liquidity sweep followed by bullish market structure confirmation.
* Target: $3,400
Not Financial Advice.
The current sell-off appears to be targeting liquidity resting below recent lows. If Ethereum sweeps this liquidity and buyers successfully reclaim bullish market structure, a strong reversal could develop from the Weekly Demand Zone.
As long as this higher-timeframe support holds, the probability of a sustained recovery increases. A confirmed bullish reaction from this area could trigger a long-term rally, with $3,400 acting as the first major upside objective.
Key Concepts Used:
* Smart Money Concepts (SMC)
* Market Structure
* Liquidity
* Liquidity Sweep
Potential Scenario:
* Support Zone: Weekly Demand / Weekly POI
* Bullish Confirmation: Liquidity sweep followed by bullish market structure confirmation.
* Target: $3,400
Not Financial Advice.
Trader & Market Analyst
XAUUSD | Price Action | SMC
Educational analysis only
Not financial advice
Join Telegram for https://updateshttps://t.me/+VDolFD8_K7phNGZk
XAUUSD | Price Action | SMC
Educational analysis only
Not financial advice
Join Telegram for https://updateshttps://t.me/+VDolFD8_K7phNGZk
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Trader & Market Analyst
XAUUSD | Price Action | SMC
Educational analysis only
Not financial advice
Join Telegram for https://updateshttps://t.me/+VDolFD8_K7phNGZk
XAUUSD | Price Action | SMC
Educational analysis only
Not financial advice
Join Telegram for https://updateshttps://t.me/+VDolFD8_K7phNGZk
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.