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ETH confluence below us

local area support
618 + bullish breaker + yearly vwap + rPOC on the money.

Lets see if we get a nice bounce here locally.

Not ever Financial Advice.

Note

To explain further, charting is about finding areas of confluence where multiple key levels and/or indicators are lining up. We have a lot of interest at the zone 618 fibonacci retracement level of 3259. and the 786 fibonacci retracement level. Inside that zone you can see by Nami SMC Pro - the breaker block are with 32k volume (the main point is its heavier than the blocks below it). This gives reason to believe more buyers are here - or short sellers that may close their position.

Finally the Yearly Volume Weighted Average Price (Yvwap) light line at 3114.45 takes the entire year's current buying and selling volume into account to make an average price indication. There is a strong chance Ethereum could have a healthy retrace to the area with all of these factors pointing us there.

Note

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