Ethereum (ETH/USDT) โ Key Reversal Zone RetestAfter a major CHoCH (Change of Character) on the 4H timeframe, Ethereum has shown a strong bullish move from a high-probability demand zone and is now retesting a critical resistance area aligned with the Left Shoulder of a classic RTM pattern.
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๐ Key Technical Elements:
โข CHoCH confirms the shift from a distribution phase to accumulation.
โข Strong reaction from a demand zone near $3,340โ$3,380.
โข Price is now testing the Left Shoulder, which often acts as a reaction zone before continuation.
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๐ Potential Scenarios:
๐ผ Bullish Case (Primary):
If ETH breaks and closes above $3,870, a move toward the next liquidity pool around $4,010โ$4,050 is likely.
๐ฝ Bearish Case (Alternative):
Failure to hold above the current resistance may lead to a pullback toward the $3,340โ$3,380 demand zone for another accumulation attempt.
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๐ก Educational Note:
In RTM methodology, retests of the Left Shoulder after CHoCH are considered one of the most efficient entry zones โ especially when confluence with liquidity voids or imbalance exists.
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