Ethereum (ETHUSDT) – Breakout or Rejection at Key Liquidity Zone

il y a 15 heures

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.

il y a 15 heures

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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.