Ethereum is consolidating after a recent liquidity sweep near $4,950. Price is currently ranging between mid-level resistance ($4,420) and the demand zone around $3,950–$4,000.
Two possible scenarios in play:
🔹 Bullish Case: If ETH holds above $4,200 and clears the FVG + supply zone ($4,600–$4,700), we could see a strong continuation toward $5,000 psychological level.
🔹 Bearish Case: If current support fails, ETH may retest the grey demand zone ($3,900–$3,950) before any bullish recovery.
Key Levels to Watch:
Resistance: $4,420 / $4,700 / $5,000
Support: $4,200 / $3,950
⚠️ This analysis is for educational purposes only, not financial advice. Always trade with proper risk management.
💬 Do you think ETH will reclaim $5k next, or will we see a deeper correction first?
Two possible scenarios in play:
🔹 Bullish Case: If ETH holds above $4,200 and clears the FVG + supply zone ($4,600–$4,700), we could see a strong continuation toward $5,000 psychological level.
🔹 Bearish Case: If current support fails, ETH may retest the grey demand zone ($3,900–$3,950) before any bullish recovery.
Key Levels to Watch:
Resistance: $4,420 / $4,700 / $5,000
Support: $4,200 / $3,950
⚠️ This analysis is for educational purposes only, not financial advice. Always trade with proper risk management.
💬 Do you think ETH will reclaim $5k next, or will we see a deeper correction first?
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.