ETHUSD The external structure (swing) is clearly bullish on the higher timeframes — that's obvious. However, on the internal structure, we still need more confirmations. The extreme discount zone of the current bullish range has been tested twice, which is a strong signal supporting further upward movement, especially given the overarching bullish swing.
Following that, price has tested and rejected the 4K zone three times over roughly 294 days. This looks like a textbook case of inducement — and a powerful one, considering the duration. That suggests price is likely to be drawn back to that level.
Since February, we've also observed aggressive buying activity, confirmed by CVD data showing a sharp increase in delta volume in favor of bids. That's another solid confirmation for continued bullish momentum.
Overall, I believe a move to 4K is very likely — and it's approaching the all-time high. Let’s see how price reacts once it gets there!
ETHUSD ETH broke above resistance and rallied , confirming the bullish setup. Momentum and strong buying supported the move, marking a successful trade idea.