The current price of Ethereum is 3,758.05 USDT, reflecting a decrease of 123.01 USDT (-3.17%) compared to the previous close.
Technical Analysis:
4-Hour Timeframe (4H): The price $ETH is moving in an ascending channel, however, the recent decline has led to testing the lower boundary of the channel. The moving averages (50 and 200) confirm the upward trend, but the downward crossover of the 50 SMA may signal a potential correction.
1-Hour Timeframe (1H): A "double bottom" pattern is forming near the level of 3,700 USDT, which may indicate a potential upward reversal. The RSI indicator is in the oversold zone, confirming the possibility of a bounce.
15-Minute Timeframe (15M): The MACD shows a bullish crossover, signaling a short-term upward momentum.
5-Minute Timeframe (5M): A bullish divergence has been detected on the RSI, increasing the likelihood of short-term growth.
Smart Money Analysis:
Liquidity Zones: The level of 3,700 USDT is a significant liquidity zone, where large trading volumes have previously been observed, indicating the interest of large players.
Order Blocks: A bullish order block has formed in the range of 3,650–3,700 USDT, indicating potential buying from Smart Money.
Recommendations:
Long Position: Consider entering in the range of 3,650–3,700 USDT, coinciding with the liquidity zone and the bullish order block.
Stop-Loss: Set at 3,600 USDT, below previous lows and the liquidity zone, to limit potential losses.
Take-Profit: Target at the level of 3,950 USDT, which corresponds to the upper boundary of the ascending channel and previous local highs.
Risk-to-Reward Ratio (RRR): At these stop-loss and take-profit levels, the ratio is 1:3, which corresponds to an optimal risk management strategy.
Conclusion:
The current market situation favors opening long positions in the specified range, considering Smart Money activity and technical indicators. However, it is recommended to closely monitor market news and dynamics to respond promptly to potential changes.
Disclaimer: This analysis is for informational purposes only and is not a financial recommendation. Always conduct your own analysis before making investment decisions.
