Ethereum ($ETH ) has been following predicted price patterns closely, but the road ahead holds key levels to watch. Here’s a detailed breakdown of ETH’s potential moves in the coming weeks, based on technical analysis and market sentiment. Buckle up, and let’s dive in! 🔍

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Current Price Action

Price: $3,320.49 (+0.45%)

Ethereum has displayed a small pump recently, but don’t be deceived by these minor recoveries. These fake pumps are often precursors to a larger dump before the real rally begins. Let’s explore why:

1. Weekly Fair Value Gap (FVG):

There’s an unfilled weekly FVG around $3,000-$2,800 that must be addressed before bullish momentum can resume. Filling this gap lays the foundation for a push toward All-Time Highs (ATH).

2. Market Behavior:

Market makers often induce fake dumps and pumps to manipulate sentiment. These actions liquidate over-leveraged positions, clearing the way for a genuine bullish move.

3. Liquidation Zones:

Significant liquidations are still clustered below $3,000. This liquidity needs to be cleared before ETH can build sustainable upward momentum.

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Predicted Price Action Until January 🗓️

1. Short-Term Moves:

Pump to $3,550: Ethereum might see a short-term rally to $3,550.

Dump to $3,000-$2,800: Following the pump, ETH could retrace to $3,000-$2,800 to fill the weekly FVG and clear liquidations.

2. January Rally:

Post-dump, expect a bullish rally in early January, potentially targeting new highs.

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Trading Plans

Short-Term Plan (For Traders) 🤑

If you’re long on ETH, consider selling your positions around the $3,550 level.

Wait for ETH to retrace to $3,000-$2,800, then re-enter for the bullish rally.

Long-Term Plan (For Investors) 📈

We remain bullish on ETH until mid-February. Consider dollar-cost averaging at the following buy levels:

$3,100, $3,000, $2,800

Targets for January:

$4,500, $5,000

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Weekly Chart Analysis

The weekly FVG zone at $3,000-$2,800 is a critical area of support. Expect strong buying interest here.

A break above $3,550 could signal the beginning of a larger move, but patience is required as the market clears overbought conditions.

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Key Insights and Risks

Stay Cautious: Fake pumps and dumps are common in current conditions. Protect your capital by using stop-loss orders.

Risk Management: Always allocate funds responsibly and avoid over-leveraging.

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Final Thoughts 💡

Ethereum’s path to new highs involves navigating crucial levels in the coming weeks. While short-term volatility may cause uncertainty, the long-term trend remains bullish. Stick to your plans, trade smart, and stay informed.

What’s your take on ETH’s next move? Let’s discuss below!

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