Use a better volume profile on a daily time frame and you will be surprised at how much your trading improves, it's like Fibonacci but much more improved

#ETHCrossed2500 #Ethereum

Using Fibonacci retracement levels, ETH has retried the range of 0.5 to 0.618 (orange box), which aligns with a price level of USD 2,500. This new test represents the first stage of recovery, but a short-term pullback may occur before further bullish action develops.

With ETH prices moving at a parabolic rate in recent days, liquidation heat maps noted increased liquidity on the buy side between USD 2,200 and USD 2,400, after a short squeeze drove prices up to USD 2,608.

Similarly, the takers' buy-sell ratio is beginning to slow down and fell below 1 on May 10th. The ratio of buy volume to sell volume of takers in perpetual swap trades indicates futures sentiment, and a ratio below 1 implies bearish sentiment in the short term.

Therefore, traders may approach the coming days with more caution, with ETH consolidating below the level of USD 2,500.

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