Today was the first day ETH ETFs were traded.
The price of ETH is now correcting because this news is already known and has become just a formality.
What’s important about these ETFs are the volumes, which in the case of the #BTCETF approval initially put selling pressure on the market, followed by a larger upward movement.
I have two scenarios for this 1-day (1D) timeframe:
🟢 Green Scenario (Bullish): Possible recovery and increase in the coming days.
⚫ Black Scenario (Bearish): Short-term correction, but potentially very bullish in the medium term because a lot of liquidity has formed in that marked area and we also have an FVG (imbalance) on the W timeframe + resistance on that parallel channel.
Watch the market closely 3100-3300 and consider these scenarios in your trading strategies!
The price of ETH is now correcting because this news is already known and has become just a formality.
What’s important about these ETFs are the volumes, which in the case of the #BTCETF approval initially put selling pressure on the market, followed by a larger upward movement.
I have two scenarios for this 1-day (1D) timeframe:
🟢 Green Scenario (Bullish): Possible recovery and increase in the coming days.
⚫ Black Scenario (Bearish): Short-term correction, but potentially very bullish in the medium term because a lot of liquidity has formed in that marked area and we also have an FVG (imbalance) on the W timeframe + resistance on that parallel channel.
Watch the market closely 3100-3300 and consider these scenarios in your trading strategies!
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.