1. Market Structure & Context
ETH bounced from the 1 550–1 600 USDT demand zone—where major accumulation occurred—breaking structure above 1 680 USDT. A strong rally then took price to 1 850 USDT, printing a weak high. A “Change of Character” formed around 1 800–1 830 USDT, followed by a retracement to 1 720–1 760 USDT. Price is now consolidating between 1 760and 1 830 USDT.
2. Key Levels (No Tables)
Resistance 1 800–1 830 USDT: peak sell volume zone, tough to reclaim without heavy volume.
Weak High 1 850 USDT: next bullish target, volume confirmation needed.
Support 1 720–1 760 USDT: CHoCH and local balance before another push.
Break Level 1 680 USDT: BOS marking bullish control.
Primary Demand 1 550–1 600 USDT: accumulation base before the surge.
3. Volume Insights
Volume spiked on the 1 680 USDT breakout, confirming buyer strength.
Elevated sell volumes in 1 800–1 830 USDT halted the rally.
A long-side volume burst at 1 720–1 760 USDT indicated strong demand.
Current consolidation trades on reduced volume, reflecting digestion.
4. Critical Technical Signals
BOS Up at 1 680 USDT: initial bullish structure shift.
CHoCH Down near 1 800–1 830 USDT: short-term bearish flip.
Retest of 1 720–1 760 USDT: high-probability long entry.
EQL at 1 800 USDT before retracement: accumulation sign.
5. Potential Scenarios
Bullish: holding 1 720–1 760 USDT and breaking 1 800–1 830 USDT on strong volume could retest 1 850 USDTand challenge 1 900 USDT.
Bearish: breaking below 1 720 USDT may deepen correction to 1 680 USDT, then further to 1 550–1 600 USDT.
6. Strategy Recommendations
Long: enter 1 720–1 760 USDT on volume confirmation; stop under 1 700 USDT; targets 1 830 USDT, then 1 850 USDT.
Short: consider on rejection at 1 800–1 830 USDT; stop above 1 860 USDT; targets 1 760 USDT, then 1 720 USDT.
Conclusion
ETH showed a powerful rally post 1 680 USDT breakout and is now consolidating between 1 760 USDT and 1 830 USDT. Watch volume at these levels for clues on continuation or reversal.
So make analysis and trade $ETH
