The chart shows Ethereum against the US Dollar on the 1H timeframe, where price recently tapped a strong **resistance zone near 2,150–2,160**. This area has already acted as a supply zone, and we can clearly see a **sharp rejection (strong bearish candle)** from this level — indicating sellers are active.
After the rejection, price moved down aggressively and left behind a **Fair Value Gap (FVG)** around **2,120–2,130**. Now price has retraced back into this FVG zone, which is acting as a **sell area**, aligning with bearish continuation logic.
Additionally:
* Price is trading near/inside the **Ichimoku cloud resistance**, suggesting weak bullish momentum.
* The structure shows a **lower high formation** after the rejection.
* Market previously ranged, and now liquidity above highs has likely been taken — favoring downside.
**🎯 Target:**
➡️ **2,063** (Marked support / previous demand zone)
This level is a strong target because:
* It aligns with a **previous consolidation base (demand zone)**
* Acts as a **liquidity pool** below recent lows
* Matches the projected move after FVG rejection
After the rejection, price moved down aggressively and left behind a **Fair Value Gap (FVG)** around **2,120–2,130**. Now price has retraced back into this FVG zone, which is acting as a **sell area**, aligning with bearish continuation logic.
Additionally:
* Price is trading near/inside the **Ichimoku cloud resistance**, suggesting weak bullish momentum.
* The structure shows a **lower high formation** after the rejection.
* Market previously ranged, and now liquidity above highs has likely been taken — favoring downside.
**🎯 Target:**
➡️ **2,063** (Marked support / previous demand zone)
This level is a strong target because:
* It aligns with a **previous consolidation base (demand zone)**
* Acts as a **liquidity pool** below recent lows
* Matches the projected move after FVG rejection
Trade attivo
Active Trade chiuso: obiettivo raggiunto
my given target has been successfully achieved 
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.