Big banks and institutions don't want you to know that they are buying $ETH in bit by bit for it next #ATH . Earlier in my previous post #Ethereum was in a sideways market. Price moves back and forth within a clear high and low. Big players such banks and institutions quietly build positions here while retail traders get bored and overtrade.
Under a careful analysis, I managed to spot the Smart Money Concept (SMC) power of 3 which state Accumulation, Manipulation and Distribution (AMD) Currently under the 3 hours Time Frame, Ethurm is in phase one which is Accumulation where it ranging. I predict that Manipulation phase may happen in the Breaker Block within the 3 hours Time Frame. Next and Finally stage is Distribution.After liquidity is collected, price moves with direction and momentums.This is where patience pays.
So, What Should Traders Do in These Waters? ✔️ Identify the range clearly which is currently froming. ✔️ Avoid trading the middle of the range. ✔️ Expect fake moves before real one comes. ✔️ Trade confirmations, not emotions. ✔️ Manage risk 🛑.
With all my Analysis no setup is guaranteed. #WhaleDeRiskETH #ETH
$ETH on the 1-hour timeframe is moving sideways between a clear resistance (top black line) and support (bottom black line).
There is no strong uptrend or downtrend—price keeps bouncing between these two levels. This tells us the market is consolidating (ranging).
Definition: What is a ranging market? A ranging market is a market condition where price moves back and forth between support and resistance without forming higher highs or lower lows. In simple terms: 👉 Buyers defend the bottom (support) 👉 Sellers defend the top (resistance) 👉 No clear direction (trend)
What should a trader do in these waters (ranging market)? Don't Touch..⚠️