ETH/USDT 4H Chart Analysis (SMC Principles)
Market Structure:
ETH is currently trading at $3,403, displaying a bullish setup supported by healthy momentum and institutional accumulation.
Key levels:
Momentum:
Trade setup:
Market Maker Activity:
Considerations:
This setup suggests a bullish continuation with strong targets at $3,550 and $3,700, backed by clear institutional activity and momentum.
Market Structure:
ETH is currently trading at $3,403, displaying a bullish setup supported by healthy momentum and institutional accumulation.
Key levels:
- Support:
- Discount zone: $3,200 (major accumulation area).
- Stop-loss level: $3,280 (below recent liquidity sweep).
- Resistance:
- FVG target: $3,550.
- Premium zone: $3,700-$3,800 (key area for distribution).
Momentum:
- RSI: At 59.27, showing healthy bullish momentum.
- Hidden bullish divergence: Observed on RSI vs price action from January 9th lows, indicating potential for further upside.
Trade setup:
- Entry: Current level ($3,403).
- Targets:
- T1: $3,550 (FVG fill).
- T2: $3,700 (premium zone).
- Stop-loss: Below $3,280 to limit downside risk.
- Risk-to-reward: Favorable setup with strong potential if support at $3,280 holds.
- Confidence level: 8/10 for bullish continuation.
Market Maker Activity:
- Likely accumulation in the $3,000-$3,200 range, as evidenced by strong buying interest.
- Expect market makers to push the price higher to take out stops above $3,550 before any significant pullback.
Considerations:
- Volume confirmation: Monitor volume near $3,550 to ensure momentum supports a breakout.
- Support retest: Watch for any pullbacks to $3,400-$3,350 as potential entry zones for better R:R.
- Premium zone reaction: Be prepared for resistance or distribution near $3,700-$3,800.
This setup suggests a bullish continuation with strong targets at $3,550 and $3,700, backed by clear institutional activity and momentum.
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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.