Technical analysis by origami_capital33 about Symbol ETH: Buy recommendation (1/7/2025)

The ETH/USDT chart provided outlines a potential bullish setup. Here's a detailed breakdown:---### **ETH/USDT - Trading Plan**#### **Market Structure**- **Bullish Shift (MSS):** The market recently broke a significant resistance level, indicating a bullish trend shift.- **Order Block (OB):** A key support zone is highlighted around **$3,300**, acting as a base for potential upward momentum.- **Fair Value Gap (FVG):** A zone that may serve as resistance but could be reclaimed for further bullish continuation.#### **Entry & Exit Strategy**- **Entry:** Near **$3,480**, confirming support around the FVG zone.- **Stop Loss (SL):** Below **$3,300**, aligning with the OB to manage risk.- **Take Profit (TP):** At **$4,136**, targeting higher resistance levels for optimal Risk-to-Reward (R:R).#### **Price Action Analysis**- **Liquidity Sweep:** Price swept sell-side liquidity below **$3,450** and rebounded, signaling potential accumulation.- **Moving Averages:** Short-term moving averages are beginning to align upward, supporting a bullish case.#### **Summary**- **Risk Management:** Maintain strict SL at **$3,300**.- **Upside Potential:** 4,136 offers a high R:R opportunity.- **Confirmation:** Await a clear breakout or retest of the FVG for validation.Let me know if you'd like assistance refining the plan further!