$ETH Daily FVG Has Been Tapped 🎯
ETH has finally reached the daily Fair Value Gap left by the late-August impulse move (~1,900 – 2,250 zone).
📉 Today's low: 2,050, a tag of the gap's midpoint (consequent encroachment)
💰 Current: ~2,121 (-5% on the day)
What I'm watching 👇
🔹 Daily close: A close back inside/above the gap with a long lower wick = buyers defending the FVG
🔹 Bearish structure: Price is below the 50 EMA (2,380), the 200 EMA (2,312) and the red Supertrend (2,311)
🔹 Death cross risk: The 50 and 200 EMAs are converging
🔹 Full fill: A loss of 2,050 opens a deeper fill toward ~1,900
🔹 Resistance: 2,300 – 2,380 if we bounce
The FVG is a reaction zone, not a guaranteed reversal. Let the close confirm.
Are you buying the gap or waiting for 1,900? 👇
#ETH #Ethereum #FVG #CryptoAnalysis #BinanceSquare
Not financial advice. DYOR.
ETH has finally reached the daily Fair Value Gap left by the late-August impulse move (~1,900 – 2,250 zone).
📉 Today's low: 2,050, a tag of the gap's midpoint (consequent encroachment)
💰 Current: ~2,121 (-5% on the day)
What I'm watching 👇
🔹 Daily close: A close back inside/above the gap with a long lower wick = buyers defending the FVG
🔹 Bearish structure: Price is below the 50 EMA (2,380), the 200 EMA (2,312) and the red Supertrend (2,311)
🔹 Death cross risk: The 50 and 200 EMAs are converging
🔹 Full fill: A loss of 2,050 opens a deeper fill toward ~1,900
🔹 Resistance: 2,300 – 2,380 if we bounce
The FVG is a reaction zone, not a guaranteed reversal. Let the close confirm.
Are you buying the gap or waiting for 1,900? 👇
#ETH #Ethereum #FVG #CryptoAnalysis #BinanceSquare
Not financial advice. DYOR.
