Ethereum has printed a lower low at point B, but quickly reclaimed the low of A — another sign of strength despite overall market weakness.
From a Wyckoff perspective, the elevated volatility around A may indicate a Selling Climax (SC), where panic selling was actively absorbed. The lower low at B followed by a sharp recovery fits the structure of a Terminal Shakeout, which reduces the floating supply before a potential Mark-Up phase.
Price is currently interacting with the descending R-line. A breakout above this level may signal the start of a bullish impulse.
What I expect next:
— Potential bullish breakout above the R-line
— Formation of a local uptrend within the channel
— Move toward the 3,350–3,450 resistance zone, where the mid-term trendline is located (marked as Target)
— Possible confirmation of a shift toward a more bullish market tone heading into the new week
From a Wyckoff perspective, the elevated volatility around A may indicate a Selling Climax (SC), where panic selling was actively absorbed. The lower low at B followed by a sharp recovery fits the structure of a Terminal Shakeout, which reduces the floating supply before a potential Mark-Up phase.
Price is currently interacting with the descending R-line. A breakout above this level may signal the start of a bullish impulse.
What I expect next:
— Potential bullish breakout above the R-line
— Formation of a local uptrend within the channel
— Move toward the 3,350–3,450 resistance zone, where the mid-term trendline is located (marked as Target)
— Possible confirmation of a shift toward a more bullish market tone heading into the new week
Supply And Demand Trading .com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Supply And Demand Trading .com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.