I am expecting a bullish move for ETH because on the Weekly chart we have formed liquidity above the equal highs. The price on Weekly reacted for an imbalance and formed a bullish trend.
On the 4 Hours chart we can see a change in the structure, reactions from Demand Zones and a flip of a Supply Zone (the mitigation of the supply and then getting liquidated) which is a bullish sign.
If the price goes below the 4 Hours Demand and closes below, then we might see a bearish retracement on the weekly to fill more Imbalances.
On the 4 Hours chart we can see a change in the structure, reactions from Demand Zones and a flip of a Supply Zone (the mitigation of the supply and then getting liquidated) which is a bullish sign.
If the price goes below the 4 Hours Demand and closes below, then we might see a bearish retracement on the weekly to fill more Imbalances.
Comment:
Target Reached