#smartmoney #priceaction
$ETH /USD: Local support test before EQH removal 📉
After breaking out of the bottom of the structure ($2,355.5) and an impulse breakout of the upward direction (CHoCH), Ethereum is consolidating around $2,491.7. A clear level of equal highs (EQH) remains above, where sellers' liquidity is concentrated.
📊 Key levels:
Resistance: $2,520 - $2,546.2 (EQH) / $2,590
Support: $2,460 / $2,380 - $2,420 (Order Block) / $2,355.5
🔍 Main scenario:
📉📈A correction is expected to cover the internal imbalance in the $2,460 area (or deeper into the $2,380-$2,420 demand block). After the reaction of buyers — a reactive exit upwards with the withdrawal of pool liquidity $2,546.2 and a move to $2,590.
📉 Alternative:
A consolidation below $2,380 will cancel the bullish setup and open the way for a retest of the fat $2,355.5.
⚠️ Priority — search for a long setup from demand zones after the local pullback is completed.
$ETH /USD: Local support test before EQH removal 📉
After breaking out of the bottom of the structure ($2,355.5) and an impulse breakout of the upward direction (CHoCH), Ethereum is consolidating around $2,491.7. A clear level of equal highs (EQH) remains above, where sellers' liquidity is concentrated.
📊 Key levels:
Resistance: $2,520 - $2,546.2 (EQH) / $2,590
Support: $2,460 / $2,380 - $2,420 (Order Block) / $2,355.5
🔍 Main scenario:
📉📈A correction is expected to cover the internal imbalance in the $2,460 area (or deeper into the $2,380-$2,420 demand block). After the reaction of buyers — a reactive exit upwards with the withdrawal of pool liquidity $2,546.2 and a move to $2,590.
📉 Alternative:
A consolidation below $2,380 will cancel the bullish setup and open the way for a retest of the fat $2,355.5.
⚠️ Priority — search for a long setup from demand zones after the local pullback is completed.
