📉 Ethereum ($ETH ): Local Consolidation and RWA Drivers
ETH is trading around $2,380–$2,400.
Despite local selling pressure, the fundamental backdrop continues to strengthen thanks to the integration of institutional solutions (JPM Coin’s expansion onto Ethereum).
🔍 Technical Picture (SMC / Price Action):
Demand zone: $2,350–$2,380. A potential Order Block is forming here on the 4H/1D charts.
Liquidity Sweep: Yesterday’s move filled the Fair Value Gap (FVG) and swept local liquidity pools below the lows.
Scenario: To confirm a reversal (CHoCH), buyers need to hold above $2,450. Until then, the market is likely to remain range-bound, with the risk of another test of support levels.
💬 Watch spot trading volumes—they’ll indicate whether reactions in the Points of Interest (POI) zones are genuine.
#ETH #TechnicalAnalysis #smartmoney #smc #Binance
ETH is trading around $2,380–$2,400.
Despite local selling pressure, the fundamental backdrop continues to strengthen thanks to the integration of institutional solutions (JPM Coin’s expansion onto Ethereum).
🔍 Technical Picture (SMC / Price Action):
Demand zone: $2,350–$2,380. A potential Order Block is forming here on the 4H/1D charts.
Liquidity Sweep: Yesterday’s move filled the Fair Value Gap (FVG) and swept local liquidity pools below the lows.
Scenario: To confirm a reversal (CHoCH), buyers need to hold above $2,450. Until then, the market is likely to remain range-bound, with the risk of another test of support levels.
💬 Watch spot trading volumes—they’ll indicate whether reactions in the Points of Interest (POI) zones are genuine.
#ETH #TechnicalAnalysis #smartmoney #smc #Binance