ETH/USDT Analysis - NY Pre-Market (09/21)

On the 4H chart, ETH/USDT is showing a market structure shift (MSS) with a bullish bias, consolidating near the 2550-2560 USDT, a key resistance. On the 15-minute chart, the accumulation under this resistance suggests a possible bullish move if broken with conviction. However, if the price fails to break above this level, we could see a correction towards 2525-2530 USDT or even towards the Order Block in the 2500-2520 USDT zone. Monitor these key levels during the New York open to identify trading opportunities.

If I were to make the market, I would first trigger a false breakout above 2560 USDT to trigger buy orders and short stops, followed by a quick pullback towards 2525-2530 USDT to sweep the liquidity below. It would then accumulate in the 2500-2520 USDT zone before pushing the price higher, strongly breaking the 2560 USDT resistance and seeking higher levels.