The Ethereum daily chart has shown below reflects crucial elements of price action analysis using the Smart Money Concept (SMC), Banker Fund Flow Indicator, and Fibonacci Levels. Below, I will break down the observations that suggest Ethereum could experience a price pump from its current value of $3,356.15.
1. Smart Money Concept Analysis
The Smart Money Concept focuses on identifying areas where institutional investors (smart money) accumulate or distribute assets.
• Liquidity Zones:
The chart reveals strong zones of liquidity, marked by the red and green rectangular regions. These areas represent points where price has been repeatedly rejected (resistance) or supported. Ethereum is currently trading within a significant support zone, where smart money often accumulates positions to push the price upward.
• Market Structure:
Ethereum is showing a potential reversal at the current price. Previous downward movement aligns with liquidity grabs (stop hunts), followed by a consolidation phase. The support region at around $3,300 appears strong, indicating a bullish accumulation phase.
2. Banker Fund Flow Indicator
The Banker Fund Flow Indicator reflects the movement of institutional money into or out of an asset.
• The histogram below the chart shows red candles transitioning to blue, signaling a reduction in selling pressure. This shift typically aligns with smart money preparing for upward momentum.
• The neutral purple range above the histogram indicates that the market is nearing a pivotal moment, where momentum could flip bullish.
3. Fibonacci Levels
The Fibonacci retracement tool is vital in predicting reversal points.
• Key Fibonacci levels like 38.2% and 61.8% often act as support and resistance areas. The price appears to be hovering near a 38.2% retracement level, a classic zone where reversals often occur.
• If Ethereum closes above the immediate 38.2% Fibonacci level, it could target higher retracement zones like 50% ($3,600) or even 61.8% ($4,000) in the short term.
4. Candlestick Analysis
The current price action shows consolidation with small-bodied candles, signaling indecision. This phase often precedes explosive moves. With price holding above the support zone, the probability of an upward breakout increases.
5. Near-Term Prediction
• Bullish Signals:The confluence of Fibonacci support, Smart Money accumulation, and a shift in Banker Fund Flow suggests a bullish scenario. If Ethereum maintains the current support and breaks resistance at $3,400, a pump toward $3,600–$4,000 is likely.
• Volume Confirmation:
Watch for increased buying volume as the price approaches resistance. Volume spikes will confirm institutional buying and strengthen the bullish case.
Conclusion:
Ethereum’s daily chart indicates that the current price level of $3,356.15 could serve as a launchpad for a bullish move. The Smart Money Concept highlights accumulation, while the Banker Fund Flow and Fibonacci lines align with a potential price pump. Traders should monitor resistance levels and volume to confirm this upward movement.
In the next 24–48 hours, Ethereum may break out, targeting $3,600 or higher. Always ensure risk management strategies are in place.
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