ETH/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Concepts:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
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🚀 Follow me on TradingView if you respect our charts! 📈Daily charts!
Current Market Structure:
- Price at $2,890 showing bullish momentum after breaking premium zone.
- RSI at 65.32, confirming strength but not overbought yet.
- Volume confirmation on breakout above previous resistance.
Smart Money Concepts:
- Market Makers completed accumulation at the $2,400-$2,500 zone.
- Premium Zone established around $3,100-$3,300.
- Fair Value Gap (FVG) needs filling at $3,100.
Key Levels:
- Entry Zone: Current price ($2,890) or pullback to $2,850.
- Targets:
- T1: $3,100 (FVG Fill).
- T2: $3,300 (Premium Zone).
- Stop Loss: Below $2,750 (recent swing low).
Risk Score:
- 7/10 (Favorable R:R but watch for rejection at premium zone).
Market Maker Intent:
- Accumulation phase complete, now in markup/distribution phase.
- Expect ranging between $2,850-$3,100 before the next major move.
- No significant divergences present, structure suggests continued upside after FVG fill.
Recommendation:
- Long positions favorable within $2,850-$2,890 range.
- Monitor price action around $3,100 resistance for rejection signs.
- Avoid chasing, best entries on pullbacks.
Confidence Level:
- 8/10 for bullish continuation.
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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.
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.