🚀 Technical analysis for $ETH /USD — Has the recovery begun? 🔥📈
📉 The price of Ethereum is currently retreating to $3594 (-7%), after a clear drop from peaks near $4250. But the market is not silent; there are important signals we need to pay attention to.
🔍 Market structure:
The chart shows clear transformations between rises and falls (CHoCH and BOS), with lower lows and highs in recent times.
💧 Liquidity and critical areas:
- Equal highs at $3900 attract liquidity.
- The low at $3550-3579 is a weak point, but it could be a potential bullish reversal opportunity.
🎯 Entry area:
The price has reached the area of $3579-3588, a potential accumulation point in preparation for a rebound.
📈 Expected bullish scenario:
- Stability above the weak low with a break of the structure (BOS) upwards.
- Upcoming targets:
1️⃣ $3711
2️⃣ $3900
3️⃣ $4030-4040 (market gap fill area)
⚠️ As usual, the market tests our patience, but those who can read the scene know where to go 💡
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