This Ethereum (ETH/USD) weekly chart is packed with insightful price action, structural patterns, and ICT (Inner Circle Trader) concepts. Here's a detailed breakdown and thoughts:
🧠 High-Level Thoughts:
Currently Bearish Bias: The price recently broke down from a bullish structure, suggesting that momentum is currently in favor of the bears.
Liquidity Zones: The chart shows key Buy-side Liquidity (BSL) and Sell-side Liquidity (SSL) areas, indicating potential magnet zones for price movement.
Loss of Bullish Pattern: The circled zone labeled "Lost a bullish pattern" reflects a failed breakout or pattern that was invalidated—often leading to sharp drops or retests of lower liquidity zones.
🧩 Key Observations:
🔺 Bullish & Bearish Phases:
The 2021-2022 cycle shows a bearish breakdown post all-time high, with a massive drop (~-53%) after BOS (Break of Structure).
That breakdown led into a long consolidation range in 2022–early 2023, which served as accumulation (OB + BOS).
In 2023, a strong bull run followed that breakout.
However, mid-2024 to early 2025 shows multiple MSS (Market Structure Shifts) followed by another BOS to the downside, indicating bearish control.
📉 Bearish Breakout:
After the failed bullish continuation (2024), the market lost strength at around the $3,500 zone, entering a bearish phase.
The most recent candle confirms the breakdown of structure from the last bullish OB (Order Block).
This is critical—support failed around $2,500, and now price is resting near $1,800, which is a prior accumulation level.
📈 Bullish Potential (Speculative):
The blue arrow at the end shows speculative bullish projection, likely targeting $4,800 if price reclaims a broken zone.
For that to happen, ETH must first reclaim $2,500 resistance.
🔍 Liquidity Zones & Gaps:
OB (Order Blocks) and FVG (Fair Value Gaps) are identified.
Several MSS and BOS signals point to imbalance zones being respected before reversals.
Sell-side liquidity below could be the next magnet if price continues down (below $1,800).
⚠️ Bearish Signals:
Multiple Market Structure Shifts (MSS) downward.
Failed bullish structure—circled and labeled clearly.
Price closed below a major support turned resistance ($2,500–$2,800 zone).
✅ Bullish Hopes (Things to Watch):
Strong support near $1,800, previously a launchpad for the 2023 bull run.
Any bullish divergence on indicators (RSI, MACD, OBV) around current level would be key to watch.
If a bullish OB forms or there's a reclaim of the broken level, short squeeze potential is high.
🧠 High-Level Thoughts:
Currently Bearish Bias: The price recently broke down from a bullish structure, suggesting that momentum is currently in favor of the bears.
Liquidity Zones: The chart shows key Buy-side Liquidity (BSL) and Sell-side Liquidity (SSL) areas, indicating potential magnet zones for price movement.
Loss of Bullish Pattern: The circled zone labeled "Lost a bullish pattern" reflects a failed breakout or pattern that was invalidated—often leading to sharp drops or retests of lower liquidity zones.
🧩 Key Observations:
🔺 Bullish & Bearish Phases:
The 2021-2022 cycle shows a bearish breakdown post all-time high, with a massive drop (~-53%) after BOS (Break of Structure).
That breakdown led into a long consolidation range in 2022–early 2023, which served as accumulation (OB + BOS).
In 2023, a strong bull run followed that breakout.
However, mid-2024 to early 2025 shows multiple MSS (Market Structure Shifts) followed by another BOS to the downside, indicating bearish control.
📉 Bearish Breakout:
After the failed bullish continuation (2024), the market lost strength at around the $3,500 zone, entering a bearish phase.
The most recent candle confirms the breakdown of structure from the last bullish OB (Order Block).
This is critical—support failed around $2,500, and now price is resting near $1,800, which is a prior accumulation level.
📈 Bullish Potential (Speculative):
The blue arrow at the end shows speculative bullish projection, likely targeting $4,800 if price reclaims a broken zone.
For that to happen, ETH must first reclaim $2,500 resistance.
🔍 Liquidity Zones & Gaps:
OB (Order Blocks) and FVG (Fair Value Gaps) are identified.
Several MSS and BOS signals point to imbalance zones being respected before reversals.
Sell-side liquidity below could be the next magnet if price continues down (below $1,800).
⚠️ Bearish Signals:
Multiple Market Structure Shifts (MSS) downward.
Failed bullish structure—circled and labeled clearly.
Price closed below a major support turned resistance ($2,500–$2,800 zone).
✅ Bullish Hopes (Things to Watch):
Strong support near $1,800, previously a launchpad for the 2023 bull run.
Any bullish divergence on indicators (RSI, MACD, OBV) around current level would be key to watch.
If a bullish OB forms or there's a reclaim of the broken level, short squeeze potential is high.
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.