ETH 4H & Daily Outlook Update
ETH continues to follow the broader plan we've been watching over the last few days. After tapping the monthly demand zone, price reacted strongly and rebounded from the daily order block, confirming that the higher-timeframe accumulation area is still holding well. This zone remains the key foundation for ETH’s medium-term structure.
On the 4H timeframe, the trend is still technically bearish, with a series of lower highs visible. Price is now testing the supply zone and sitting right around the previous lower low at 3,064. If ETH can break and hold above this level, it would be the first meaningful sign of a trend shift, opening the door for a move toward the major resistance band at 3,225 – 3,374.
If buyers can push higher, a pullback into support or even a revisit of the 2,950 – 2,887 order block is still likely, forming a higher low before continuation. As long as this OB area remains intact, ETH maintains a strong chance to extend upward and retest the resistance zone. But if this OB breaks, the structure weakens and price could slide back toward the deeper support at 2,761 – 2,792.
Overall, ETH returning to the monthly OB was a healthy reset. As long as this region is protected, the higher-timeframe accumulation narrative remains valid.
ETH continues to follow the broader plan we've been watching over the last few days. After tapping the monthly demand zone, price reacted strongly and rebounded from the daily order block, confirming that the higher-timeframe accumulation area is still holding well. This zone remains the key foundation for ETH’s medium-term structure.
On the 4H timeframe, the trend is still technically bearish, with a series of lower highs visible. Price is now testing the supply zone and sitting right around the previous lower low at 3,064. If ETH can break and hold above this level, it would be the first meaningful sign of a trend shift, opening the door for a move toward the major resistance band at 3,225 – 3,374.
If buyers can push higher, a pullback into support or even a revisit of the 2,950 – 2,887 order block is still likely, forming a higher low before continuation. As long as this OB area remains intact, ETH maintains a strong chance to extend upward and retest the resistance zone. But if this OB breaks, the structure weakens and price could slide back toward the deeper support at 2,761 – 2,792.
Overall, ETH returning to the monthly OB was a healthy reset. As long as this region is protected, the higher-timeframe accumulation narrative remains valid.
Nota
ETH - Daily Outlook
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.