CryptoYash
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Bullish
๐ $ETH USDT IMPORTANT UPDATEโผโผ Next stop is $5,500๐ฒWhen will this bullish structure end, let's talk!๐ค
๐ธHow are you all? Ethereum is currently in a big pump. So what is the reason for this pump, how much longer will this pump last? Let's talk about it in SMC. All the charts related to the update have been uploaded. I brought this update based on the 4HOUR chart. So ETH is now at a price of $4,930. So it is very close to 5k right now. So will ETH break $5,000 ๐ค Actually, according to my calculations, ETH should break this level. You can see the yellow area that I have highlighted. There is a big IMB there, so this IMB is in a gap of about $1,000 at $5,000. There is a valid bullish order block there, you can see it.
๐ธA week ago, ETH pumped to a level of about $4,800 and made a weekly high. So, from here, the market has taken a consolidation to pull back the market to the Imbalance below. The pump that occurred here is what is continuing now. So, there is a bullish OB with a wick that we can watch for the downside. So far, it has gained about 20.21% since then. According to my calculations, this bullish structure should end after two more BOS. So, the closest place for these two BOS to form is the $5,500 price level. Since there is no order block to stop ETH in the morning, it should come to the area I mentioned. So, I wish everyone a good day. Leave your comments below.โ๐
#ETHInstitutionalFlows
๐ธHow are you all? Ethereum is currently in a big pump. So what is the reason for this pump, how much longer will this pump last? Let's talk about it in SMC. All the charts related to the update have been uploaded. I brought this update based on the 4HOUR chart. So ETH is now at a price of $4,930. So it is very close to 5k right now. So will ETH break $5,000 ๐ค Actually, according to my calculations, ETH should break this level. You can see the yellow area that I have highlighted. There is a big IMB there, so this IMB is in a gap of about $1,000 at $5,000. There is a valid bullish order block there, you can see it.
๐ธA week ago, ETH pumped to a level of about $4,800 and made a weekly high. So, from here, the market has taken a consolidation to pull back the market to the Imbalance below. The pump that occurred here is what is continuing now. So, there is a bullish OB with a wick that we can watch for the downside. So far, it has gained about 20.21% since then. According to my calculations, this bullish structure should end after two more BOS. So, the closest place for these two BOS to form is the $5,500 price level. Since there is no order block to stop ETH in the morning, it should come to the area I mentioned. So, I wish everyone a good day. Leave your comments below.โ๐
#ETHInstitutionalFlows
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