Following the CPI release, Ethereum delivered a sharp impulsive move higher and swept liquidity into the major higher-timeframe supply zone around $2,635-$2,645.
From a market structure perspective, the rally appears to have reclaimed the previous range high while simultaneously testing a significant resistance area. The highlighted blue zone near $2,525-$2,530 now becomes a key decision level, as price may revisit this area after the news-driven expansion.
🔍 Technical Observations:
✅ CPI volatility pushed price directly into HTF resistance
✅ Liquidity sweep completed near the upper supply zone
✅ Previous consolidation range broken aggressively
✅ Watching for a potential retracement after the impulsive move
🎯 Potential Bearish Objectives:
🥉 Target 1: $2,525
🥈 Target 2: $2,445
🥇 Target 3: $2,360
⚠️ A strong acceptance above $2,640 would weaken the rejection scenario and could invalidate the bearish outlook.
This analysis represents a possible market scenario based on current structure, liquidity positioning, and post-CPI price action.
📌 Market remains highly volatile after economic news releases. Trade accordingly.
Note: This chart is for educational purpose only not for financial advise.
From a market structure perspective, the rally appears to have reclaimed the previous range high while simultaneously testing a significant resistance area. The highlighted blue zone near $2,525-$2,530 now becomes a key decision level, as price may revisit this area after the news-driven expansion.
🔍 Technical Observations:
✅ CPI volatility pushed price directly into HTF resistance
✅ Liquidity sweep completed near the upper supply zone
✅ Previous consolidation range broken aggressively
✅ Watching for a potential retracement after the impulsive move
🎯 Potential Bearish Objectives:
🥉 Target 1: $2,525
🥈 Target 2: $2,445
🥇 Target 3: $2,360
⚠️ A strong acceptance above $2,640 would weaken the rejection scenario and could invalidate the bearish outlook.
This analysis represents a possible market scenario based on current structure, liquidity positioning, and post-CPI price action.
📌 Market remains highly volatile after economic news releases. Trade accordingly.
Note: This chart is for educational purpose only not for financial advise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.