📝 ETH/USDT Technical Overview – June 14, 2025
Timeframe: 1D (Daily)
Exchange: Binance Spot
Current Price: $2,538.97
Daily Change: -1.55%
🔍 Market Structure Overview:
Primary Trend: Still bearish on the macro (lower highs from November to April).
Change of Character (CHoCH): Detected around mid-April → first signal of bullish intent.
Short-term Trend: Bullish structure formed from April to early June (marked "UP TREND").
Recent Break: Price has broken the bullish trendline and is currently pulling back.
🧠 Smart Money Concepts:
Fair Value Gap (FVG):
Noted below the current price zone – acting as a potential draw for liquidity. Price may fill this imbalance before deciding on further direction.
CHoCH Confirmation:
The change in character initiated a shift, but without a BOS (Break of Structure) above $3,034, macro bearish bias remains intact.
🛠️ Key Levels:
Type Price ($) Notes
Resistance 3,034.26 Key swing high, trendline confluence
Support 2,397.35 Minor support
Support 2,313.92 Local liquidity zone
Support 2,200–2,104 Strong demand zone + FVG area
Support 1,537.55 Major historical support
🔮 Potential Scenarios:
📉 Bearish Scenario:
Continuation of rejection from downtrend resistance.
Pullback into the FVG around $2,200–$2,100.
Potential bullish reaction from there.
If broken, next major support lies around $1,537.55.
📈 Bullish Scenario:
Support holds at $2,313–$2,200, bounce begins.
Break and close above $2,800–$3,034 would confirm a macro trend shift.
⚠️ Bias Today:
Neutral to Bearish
Until we see a strong bullish reaction from the FVG or a reclaim of the trendline, pressure remains to the downside.