$ETH

Order blocks،

The area 2,603–2,633 is very important on the ETH chart:

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🔵 What does this area mean?

This area represents what is known as an “Order Block” or distribution/supply area, and it is an area:

• That has previously witnessed strong selling (from which a sharp downward wave started).

• Typically loaded with pending sell orders from large wallets (funds, big traders).

• The market considers it a “price memory area” that the price tests at every rise.

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📊 On the 4-hour chart:

• Once the price reaches 2,603 – 2,633$, it will often pause or fluctuate slightly.

• If momentum is strong (high RSI, engulfing candles, Bollinger expanding upwards), then:

• Breaking this area with a 4-hour candle closing above 2,633 = a strong signal that buyers have completely taken control.

• The Order Block turns from resistance to strong support.