After the tariff information from President Donald Trump, $ETH has just created a strong wave sweeping through the liquidity zone around $1400 on the weekly timeframe (W). Hot news indicates that a whale has been swept for liquidity in this area.
This is very significant:
Clearing the area below the price:
The whale's sweeping action means that the market has taken nearly all the liquidity below, helping to eliminate selling pressure and facilitating the accumulation process.
Important reaction zone:
The $1400 - $1420 zone on the weekly chart has witnessed many reversals and accumulations, becoming a key-level technically of $ETH .
Accumulation and price push outlook:
By clearing the price levels below, the market is currently creating a solid foundation for prices to rise to the resistance zones above. This is a signal for those pursuing a DCA strategy and long-term holding.
I am breaking it down and buying gradually $ETH in this support zone with a long-term target from the price range of $1300 to $1500 - this could be an opportunity to increase positions at this time.
#ETH #CryptoAnalysis #TrumpTaiffs
