Ethereum continues to respect a major higher-timeframe demand zone on the 3-day chart, highlighted in green. This zone has acted as a reliable support area multiple times, producing strong reactions and serving as a clear accumulation region during previous pullbacks.
Price has once again reclaimed and held above this demand zone, while also respecting key Fibonacci retracement levels, suggesting buyers are defending this region aggressively. The recent bounce indicates a higher-timeframe higher low, keeping the broader bullish structure intact.
Key Points:
- HTF demand zone acting as strong support (multiple successful reactions)
- Price reclaiming structure after pullback
- Clear upside path toward previous range highs
- Volume profile shows acceptance above value area
If ETH continues to hold above the demand zone, the structure favors continuation toward upper resistance and prior all-time-high supply zones, as indicated by the projected upside paths. A loss of this area would weaken the bullish thesis and open room for deeper retracement.
Cheers
Hexa
Price has once again reclaimed and held above this demand zone, while also respecting key Fibonacci retracement levels, suggesting buyers are defending this region aggressively. The recent bounce indicates a higher-timeframe higher low, keeping the broader bullish structure intact.
Key Points:
- HTF demand zone acting as strong support (multiple successful reactions)
- Price reclaiming structure after pullback
- Clear upside path toward previous range highs
- Volume profile shows acceptance above value area
If ETH continues to hold above the demand zone, the structure favors continuation toward upper resistance and prior all-time-high supply zones, as indicated by the projected upside paths. A loss of this area would weaken the bullish thesis and open room for deeper retracement.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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.