$ETH
For short and long term traders:
Ethereum is currently in a very sensitive area, as it repriced the daily gap and then pulled the bottom liquidity on the daily frame, making the current situation full of opportunities and challenges at the same time.
Now, the price is in the stage of confirming the next move on the medium frames, and every move here carries its weight and deserves close monitoring.
What happened was as follows:
The price bounced to the 4-hour gap and rose from it, turning it into an IFVG (broken gap), and the price is currently inside this critical area
The next move:
🧷If the price confirms the move further, then entering the buy will be the expected and appropriate option at this time
🧷If the price closes below the broken gap, the scenario will change completely, and the selling trend will become the best option, targeting the previous bottom at the levels of 2950 - 2927, which is an important level that deserves attention
‼️ If the bottom is reached and broken, and a clear confirmation occurs on the 15-minute frame, this will be a strong notice to buy even if the general trend is down.
In this case, we find strong resistance in the area, but it remains valid for buying if a clear signal appears to support that
We will follow the market together and if confirmed, I will send you my deals 🚀
Stay informed always
