On the daily timeframe, ETHUSDT is showing a strong bullish expansion, with consecutive impulsive candles pushing price into a premium zone near 2,400. This move reflects clear buy-side targeting behavior, as liquidity rests above recent highs.
However, the current price action is beginning to show signs of slowing momentum, particularly with smaller-bodied candles forming near the highs. This suggests that the market may be transitioning from expansion into distribution, a classic ICT narrative.
A key element here is the daily Fair Value Gap (FVG) below (~2,300–2,350), which remains partially unmitigated. This creates a strong magnet for price, especially if a reversal is initiated after liquidity is taken above current highs.
Projected scenario:
Price pushes slightly higher → sweeps buy-side liquidity above 2,400
Enters deeper premium → potential inducement for breakout traders
Forms a rejection or weak continuation
Transitions into bearish delivery
Targets the FVG below (~2,300 zone), with potential continuation toward equilibrium (~2,200)
Key ICT confluences:
Price trading in premium (above 0.5 equilibrium)
Clear buy-side liquidity pool above highs
Untouched FVG below acting as draw on liquidity
Slowing momentum → possible distribution phase
Execution idea:
Avoid longing into current highs. Instead, wait for:
Liquidity sweep above highs
Market structure shift (CHoCH on 4H/1H)
Entry on retracement into bearish FVG or supply zone
Invalidation:
If ETH accepts above 2,400 with strong continuation and no rejection, the bullish trend may extend further, targeting higher HTF levels.
This is not financial advice. Manage your risk accordingly.
However, the current price action is beginning to show signs of slowing momentum, particularly with smaller-bodied candles forming near the highs. This suggests that the market may be transitioning from expansion into distribution, a classic ICT narrative.
A key element here is the daily Fair Value Gap (FVG) below (~2,300–2,350), which remains partially unmitigated. This creates a strong magnet for price, especially if a reversal is initiated after liquidity is taken above current highs.
Projected scenario:
Price pushes slightly higher → sweeps buy-side liquidity above 2,400
Enters deeper premium → potential inducement for breakout traders
Forms a rejection or weak continuation
Transitions into bearish delivery
Targets the FVG below (~2,300 zone), with potential continuation toward equilibrium (~2,200)
Key ICT confluences:
Price trading in premium (above 0.5 equilibrium)
Clear buy-side liquidity pool above highs
Untouched FVG below acting as draw on liquidity
Slowing momentum → possible distribution phase
Execution idea:
Avoid longing into current highs. Instead, wait for:
Liquidity sweep above highs
Market structure shift (CHoCH on 4H/1H)
Entry on retracement into bearish FVG or supply zone
Invalidation:
If ETH accepts above 2,400 with strong continuation and no rejection, the bullish trend may extend further, targeting higher HTF levels.
This is not financial advice. Manage your risk accordingly.
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.
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.