đ ETH Overview
Friends, let's continue analyzing the future price direction of ETH. Our previous analysis worked out perfectly, so let's take a fresh look at the situation.
On the chart, we can see that we didnât get a close on the 4H TF and instead started moving in a downward Order Flow (OF). Itâs concerning that the price didnât sweep the SSL liquidity, and we saw a buyer's reaction. Currently, weâre trading near a 4H Order Block (OB), which is holding the price.
For further upward movement, we need to see an inversion of this block, and after a pullback, I plan to consider a long setup for this asset. If the block holds the price and we get a buyer's reaction, the price will likely move to sweep SSL liquidity with a capture of the 4H imbalance below.
So, Iâm closely watching the price reaction and will make decisions accordingly.
