Ethereum Price Analysis: Key Levels and Potential Reversal ZonesBITSTAMP:ETHUSD Ethereum Price Analysis: Key Levels and Potential Reversal Zones
Analysis:
Price Action Strategy:
Support and Resistance Levels:
The chart shows significant support at $3,097.1 and resistance at $4,108.4.
The current price is $3,330.0.
Break of Structure (BOS):
There are two BOS points marked, indicating potential trend reversals.
Change of Character (ChoCH):
A ChoCH is marked, suggesting a shift in market sentiment.
Smart Money Concepts (SMC):
Order Blocks:
The chart highlights potential order blocks around $3,490.1 and $3,447.6, which could act as supply zones.
Volume Profile:
The volume profile shows high trading activity around $3,330.0, indicating a strong area of interest.
ICT Strategy:
Fibonacci Retracement Levels:
Key Fibonacci levels are marked at 0.382 (3406.2908), 0.5 (3501.8), 0.618 (3597.3092), 0.705 (3667.727), and 0.786 (3733.2884).
These levels can act as potential reversal zones.
Liquidity Zones:
The chart shows areas where liquidity might be resting, particularly around the Fibonacci levels and order blocks.
VIP Signal:
Buy Signal:
entry: 3330.0
tp1: 3501.8
tp2: 3667.7
sl: 3200.0
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Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
