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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.