ETH is rallying towards BTC's high point! Will it reach 4000?
Hello everyone, I am Yudong
Bitcoin has surged to 120,000, driving ETH to gain momentum, just breaking above 3,050 and stabilizing above 3,000. Next, let's analyze the upcoming trends from the perspectives of structure and liquidity.
🧠 1. Market Structure
ETH has completed a breakout structure BOS on the daily chart, forming an HH+HL situation after breaking 3000, indicating that the main trend remains bullish. The next step is to wait for a pullback confirmation to form a breakout structure Choch and establish a new support zone.
🔥 2. Liquidity Zone
The pullback area falls below 3,000 at 2,950–2,980; this area has multiple reflections during previous fluctuations and is a typical institutional order zone OB. Once it returns here, it is likely to absorb retail stop losses/additional positions, then continue upward.
Additionally, since the last breakout high, a rising gap (ETH has surged without much pullback) has been left in the 2850-2910 range, and this fvg is often a pullback target. If the price falls back to this range, the probability of entering the market will increase.
Please pay attention to several key points:
1️⃣ Strong Structure: ETH just broke the high point, with a clear HH+HL structure, the trend remains unchanged;
2️⃣ Institutional Zone to Confirm: 2,950–2,980 is the main pullback area, structural recovery is like laying a foundation;
3️⃣ Sentiment and Capital Coordination: ETF inflows + expectations for rotation support, further upward momentum seems more reasonable.
📈 Future Market Predictions and Strategy Suggestions
Short-term: Wait for a pullback to 2,950–$2,980 for consolidation, after confirming a breakout, aim for 3,200.
Mid-term structure: Stabilize above 3,200, main trend opens, next target 3,800.
Strong expansion: If BTC continues to reach new highs, capital rotation continues, ETH is expected to attack 4,500+, or even open the season for altcoins.
If relatively conservative, it is recommended to layout around 2,950, with a stop loss set below 2,900 after entering; if the pullback holds, increase positions in batches with a target of 3,600+, seeing 3,800, position suggestion 50% ETH with some small positions in altcoin combinations, waiting for trend validation.