Hey TradingView Family! 👋 Get ready to dive deep into our latest 1-hour Ethereum (ETH/USD) chart analysis. We're tracking some fascinating price action and key Smart Money Concepts that could dictate ETH's next big move!
What We're Seeing Right Now:
Current Price Zone: ETH is currently consolidating around the $3,730 - $3,750 area, right within a critical zone.
Breaker Block in Play: Notice the yellow 'Breaker Block' zone (around $3,700 - $3,750). This was previously support and is now being retested, acting as potential resistance. A break above could signal strength, while rejection confirms weakness.
Liquidity Magnets:
BSL (Buy Side Liquidity) 🎯: Just above us, around $3,750 - $3,770, lies a pool of buy-side liquidity. Price often targets these zones to fuel its next move.
SSL (Sell Side Liquidity) 📉: Down below, near $3,510 - $3,520, we have sell-side liquidity. This is a potential magnet if bearish momentum takes over.
Key Zones to Watch:
Upper Order Block (Red OB) 🔴: Our primary supply zone overhead, from $3,800 to $3,850. This is where we might see strong selling pressure if price reaches it. Also marked with a 'New High' for extra context.
Lower Order Block (Blue OB) 🔵: A potential demand zone below, roughly $3,600 - $3,650. This could act as strong support for a bounce.
Point of Interest (POI - Light Blue) ✨: An even deeper demand zone around $3,540 - $3,590. This area could provide robust support if price continues to drop.
Potential Scenarios (Follow the Purple Arrows! 🔮):
Bullish Path (Uptrend Continuation) 🚀: If ETH can definitively break and hold above the 'Breaker Block' and clear the BSL, we could see a strong push towards the Upper Order Block ($3,800 - $3,850). This would align with a continuation of the bullish bias we've seen.
Bearish Path (Pullback & Reversal) ⬇️: If the 'Breaker Block' holds as resistance, we might see a pullback. Price could find support at the Lower Order Block ($3,600 - $3,650) for a bounce. However, a break below this could lead to a test of our POI ($3,540 - $3,590), and potentially a sweep of the SSL ($3,510) before finding a true bottom.
Indicators Check:
RSI: Currently around 67, indicating strong momentum but approaching overbought conditions.
Stochastic: Showing an upward trend, confirming current bullish sentiment but also nearing the top.
Our 'Day High' ($3,757) and 'Day Low' ($3,581) are crucial pivot points to monitor!
Always remember to trade smart, manage your risk, and wait for confirmation. This is not financial advice. Do your own research! 🛡️📊
Don't forget to Like 👍, Comment 💬, and Follow for more detailed analyses!
#ETH #Ethereum #Crypto #Trading #TechnicalAnalysis #SmartMoneyConcepts #PriceAction #ETHUSD #TradingSetup #MarketAnalysis"
What We're Seeing Right Now:
Current Price Zone: ETH is currently consolidating around the $3,730 - $3,750 area, right within a critical zone.
Breaker Block in Play: Notice the yellow 'Breaker Block' zone (around $3,700 - $3,750). This was previously support and is now being retested, acting as potential resistance. A break above could signal strength, while rejection confirms weakness.
Liquidity Magnets:
BSL (Buy Side Liquidity) 🎯: Just above us, around $3,750 - $3,770, lies a pool of buy-side liquidity. Price often targets these zones to fuel its next move.
SSL (Sell Side Liquidity) 📉: Down below, near $3,510 - $3,520, we have sell-side liquidity. This is a potential magnet if bearish momentum takes over.
Key Zones to Watch:
Upper Order Block (Red OB) 🔴: Our primary supply zone overhead, from $3,800 to $3,850. This is where we might see strong selling pressure if price reaches it. Also marked with a 'New High' for extra context.
Lower Order Block (Blue OB) 🔵: A potential demand zone below, roughly $3,600 - $3,650. This could act as strong support for a bounce.
Point of Interest (POI - Light Blue) ✨: An even deeper demand zone around $3,540 - $3,590. This area could provide robust support if price continues to drop.
Potential Scenarios (Follow the Purple Arrows! 🔮):
Bullish Path (Uptrend Continuation) 🚀: If ETH can definitively break and hold above the 'Breaker Block' and clear the BSL, we could see a strong push towards the Upper Order Block ($3,800 - $3,850). This would align with a continuation of the bullish bias we've seen.
Bearish Path (Pullback & Reversal) ⬇️: If the 'Breaker Block' holds as resistance, we might see a pullback. Price could find support at the Lower Order Block ($3,600 - $3,650) for a bounce. However, a break below this could lead to a test of our POI ($3,540 - $3,590), and potentially a sweep of the SSL ($3,510) before finding a true bottom.
Indicators Check:
RSI: Currently around 67, indicating strong momentum but approaching overbought conditions.
Stochastic: Showing an upward trend, confirming current bullish sentiment but also nearing the top.
Our 'Day High' ($3,757) and 'Day Low' ($3,581) are crucial pivot points to monitor!
Always remember to trade smart, manage your risk, and wait for confirmation. This is not financial advice. Do your own research! 🛡️📊
Don't forget to Like 👍, Comment 💬, and Follow for more detailed analyses!
#ETH #Ethereum #Crypto #Trading #TechnicalAnalysis #SmartMoneyConcepts #PriceAction #ETHUSD #TradingSetup #MarketAnalysis"
Note
Will be Bear soon 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.