🔍 Key Observations
1. Current Price Action
Price: $3,690.46
$ETH USDT
The previous couple of candles are purple , displaying a regular decline in fee , suggesting downward momentum.
2. Break of Structure (BOS)$ETH /USDT
A BOS has came about underneath a latest excessive , confirming a bullish marketplace shape at that point.
Price has moved up after this BOS, however now it is retracing.
3. Fair Value Gaps (FVGs)$ETH /USDT
Upper FVG (Green Zone): ~ $3,596 – $3,640
Price is drawing close this zone.
Expect a probable reaction ( soar or continuation) as fee checks this imbalance area.
Lower FVG: ~ $3,467
If the higher FVG fails to hold, fee might also additionally are looking for liquidity withinside the decrease gap.
4. Volume Analysis
Increasing extent on purple candles helps bearish pressure.
Watch for extent decline if fee enters FVG zones— this could sign ability support/ shopping for interest.
🧭 Possible Scenarios
🔻 Bearish Continuation (Likely if no soar from FVG):
Price drops into $3,596–$3,640 FVG
If broken, subsequent goal is the $3,467 FVG zone
Below $3,467 ought to sign deeper correction to sub-$3,400
🔼 Bullish Rejection:
Strong soar from higher FVG
Retest of $3,760–$3,800 resistance area
Break above ought to project preceding excessive near $3,880
✅ Key Levels to Watch
Level Significance
$3,596–$3,640 Upper FVG (support)
$3,467 Lower FVG ( subsequent support)
$3,760–$3,800 Resistance zone
$3,880 Swing excessive
📌 Strategy Suggestion
For Longs: Wait for confirmation (reversal candle or bullish divergence) withinside the FVG zone.
For Shorts: Enter on rejection from $3,760+ if fee fails to reclaim higher levels.
Risk Management: Use tight SLs underneath FVG if going long; above latest excessive if shorting
