🛑$ETH USDT is now moving in a consolidation area🤔 What kind of movement can we expect next? 🚀🤯
✔✔Good day everyone. An update for ETH has been brought to everyone. So, to a normal observer, it seems like ETH is going down by now. So, that's not really the case. Let's see how ETH is moving by now with an SMC analysis. All the charts related to this update are below.
🔸When looking at the ETH 1 hour chart, an inexperienced trader thinks it's going down. So, what's really happening here is a movement that occurs after the market has done a liquidity hunt. So, the liquidity hunt has been done here in the (HL)High Low area that I have marked for the second time. That is, the price of $2,677. Right here we can see a brake of structure or BOS. So, after the last candle here, there is a bullish candle. We can consider this as an OB. So, after this OB, we can see an up movement at the price of $2,792. That's where the last wick is. And this up trend movement can be seen as (HH) here. After that, this down will happen for a few candles. So the maximum point where this down or the expansion can happen is the OB below. So ETH is getting ready for a big pump. This pump can go to $2,900. So, have a good day everyone....😉