Technical analysis by VarghaVafa about Symbol ETH on 8/10/2025

⚠️ ETH – Approaching Major Supply Zone Pair: ETH/USD Timeframe: 3D Structure: Order Blocks (OB) + Fair Value Gaps (FVG) Momentum: RSI nearing historical reaction levels 📊 What’s happening? ETH has rallied strongly into a multi-year supply zone between $4,200 – $4,500, overlapping with prior distribution phases. The zone aligns with a major Order Block (OB) from the last market top, making it a high-risk area for rejection. 🛑 Caution Zone: OB resistance: $4,200 – $4,500 RSI approaching overbought region on the 3D timeframe 📌 Bearish Signals to Watch: Bearish candle formations inside OB RSI bearish divergence Failure to close above $4,500 Bias: Possible short-term correction before any attempt at ATH retest. ✅ Bullish Confirmation: Strong volume breakout above $4,500 Retest of OB as support holding RSI maintaining bullish momentum without sharp divergence 🎯 Upside Targets: $4,868 (ATH) $5,200+ (extension target) Bias: Highly bullish if price closes and sustains above $4,500.