Ethereum (ETHUSDT) – Breakout or Rejection at Key Liquidity Zone
ETHUSDT.P https://www.tradingview.com/x/QI1kHpo4/📈 Market Overview
ETH is currently trading around $2,813, showing bullish momentum with multiple liquidity zones in play. The price is approaching key resistance levels, while liquidity from the past 3 months could act as a magnet for further upside movement.
🔍 Key Technical Levels:
Resistance: $2,919 (Major Resistance)
Support & Macro POC: $2,690 - $2,691 (High Volume Node)
Fibonacci Retracement Levels:
0.236 – $2,721 (Support & Resistance)
0.382 – $2,598 (Potential Bounce Zone)
0.618 – $2,400 (Key Support Level)
⚡ Potential Scenarios:
✅ Bullish Case:
If ETH breaks and holds above $2,919, the next targets could be $3,057 and $3,142 (major resistance zones). The market could seek liquidity at these higher levels before a possible pullback.
❌ Bearish Case:
Failure to hold above $2,690 (Macro POC) could lead to a retest of $2,500 or even $2,400, where a strong Fibonacci support lies.
📊 Indicators & Confirmation:
RSI is above 60, signaling continued bullish momentum.
Multiple “Bull” signals confirm accumulation.
Liquidity clusters suggest strong potential for a price move.
🔔 Final Thoughts:
Ethereum is at a crucial decision point. A breakout above $2,919 could fuel a strong bullish rally, while rejection could trigger a deeper retracement. Traders should monitor volume and price action closely for confirmation.
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💡 What’s your take on ETH? Will we see a breakout or a pullback? Let me know in the comments!
📌 This is not financial advice. Do your own research before making any trading decisions.
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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.
Simple but Profitable!
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.