ETH dropped out of today's value area late in the session and is now resting on a zone where three separate volume levels line up.
Where price is: about 2,416. That is below today's VAL (2,432), so outside today's value on the lower side, but still above the shelf below.
The shelf (2,402 to 2,412):
- 2,402: this week's VAL
- 2,410: last week's VAL
- 2,412: yesterday's VAH
Three different profiles put the edge of their value at almost the same price. That does not make it a floor, but it is the place where we find out if buyers are still active.
Above:
- 2,432: today's VAL
- 2,449: today's VWAP
- 2,455: today's POC and this week's POC at the same price, with this week's VWAP (2,455.6) right there too
Below:
- 2,375: yesterday's POC
- 2,318: this week's low
What I'm watching over the weekend: does price hold the 2,402-2,412 shelf and get back inside today's value above 2,432, or does it accept below the shelf, which opens the way back to yesterday's POC at 2,375? Weekend volume is thin, so I'd want to see time and volume at a level before calling it accepted.
Levels: daily and weekly volume profile (70% value area) and VWAP calculated from Binance ETHUSDT 1-minute volume, sessions in UTC. The chart shows AK FlowBook Lite on the same data.
Education only, not a trade signal.
