MrHBTrader

ETHFI has recently shown a strong recovery from its macro lows, now trading at $1.29. The price is currently reacting to the first weekly bearish order block zone around $1.20–$1.35, which historically served as a key support-turned-resistance area.🔹 Key Observations:Price Reaction Zone:Price is consolidating inside the first weekly order block, indicating potential for rejection or absorption before a larger move.Upside Potential:If bulls break above and hold this zone, the next key weekly order blocks lie at:$2.30–$2.70$4.80–$5.40Bullish Structure:The strong impulsive move from sub-$0.50 to above $1.20 hints at aggressive accumulation. Continuation depends on reclaiming and holding above this current order block.🧠 Summary:ETHFI is at a critical inflection point, testing a major weekly supply/order block. A clean breakout could open room to higher order blocks, while rejection may lead to a retest of lower demand areas. Monitor for confirmation (e.g., daily candle close above $1.35 or strong rejection wicks) before positioning.

🔹 Price Action Overview:Downtrend Continuation:PORTAL has been in a consistent downtrend since its peak near $0.38, forming lower highs and lower lows. The price is currently trading at $0.0632, showing signs of temporary support formation.Falling Wedge / Bullish Reversal Setup:A descending structure (dotted trendline) is visible, suggesting a potential falling wedge—a classic bullish reversal pattern. This is further supported by a flattening bottom with diminishing bearish momentum.🔸 RSI Analysis (Relative Strength Index):RSI Divergence:A bullish divergence is forming between price and the RSI:Price is printing lower lows.RSI is forming higher lows.This often signals weakening selling pressure and a possible reversal if confirmed with bullish price action.RSI Value:Current RSI sits at 43.72, with the signal line at 44.39. It’s nearing the neutral 50 level, and a crossover above this may confirm bullish intent.🟧 Resistance Zone:Major Supply Zone:The area around $0.34–$0.38 is marked as a key resistance (orange zone) from the previous top. If the reversal confirms, this zone will act as the primary bullish target.🧠 Conclusion:Bias: Neutral to BullishKey Confirmation: A breakout above short-term resistance (around $0.07–$0.075) on strong volume and an RSI breakout above 50 could confirm a trend reversal.Invalidation: A breakdown below the wedge support and RSI slipping under 40 would invalidate the bullish setup and continue the bearish trend.Stop loss 1DAY candle close under 0.0540$

🔹 Market Structure Overview:Ascending Trendline Support:Price continues to respect an ascending support trendline (white and blue), creating a series of higher lows — a bullish structural sign. This trendline has acted as a launchpad multiple times and currently supports price around $0.46.Break of Structure (BOS):A bullish BOS has occurred above local highs, indicating smart money interest and a potential shift in market direction. This BOS is a critical reference for validating bullish continuation.Key Demand Zone:The $0.38 area (green line and orange box) is a strong demand level, previously used as a reaction point. This level aligns with trendline confluence and will be crucial for maintaining upward momentum.Liquidity Events:Multiple liquidity sweeps (highlighted with orange circles) show classic signs of stop hunts below previous lows and highs — behavior often linked with institutional accumulation.🔸 Upside Targets:Target 1: $0.88 – $1.05A well-defined supply zone from previous distribution, likely to act as a magnet if bullish pressure continues.Target 2: $2.80 – $3.40A larger macro imbalance zone, likely to be targeted in a stronger trend expansion phase. This would require sustained bullish structure and volume.🧠 Conclusion:The chart presents a well-structured bullish scenario underpinned by SMC principles. As long as the trendline and $0.38 demand zone hold, bulls are in control. A confirmed breakout above $0.60 would open the path to higher targets, while a break below $0.38 would invalidate the setup and shift the bias bearish.

This chart illustrates Ethereum’s price action on the daily timeframe, showcasing a clear structural outlook based on historical price behavior and major resistance zones.Ascending Trendline Support: ETH is currently respecting a long-term ascending trendline (white and blue lines), which has acted as dynamic support since mid-2022. Despite temporary breakdowns, price has re-entered this channel, suggesting bullish momentum is attempting a recovery.Key Resistance Zones:$4,000 – $4,800: This is the nearest major resistance area, highlighted by past cycle tops. ETH must decisively break above this zone to confirm a macro bullish continuation.$6,800 – $7,600: A significant mid-cycle resistance from historical price action, likely to serve as the next major target upon breakout.$9,200 – $10,000: The final upper target zone on this chart, representing psychological and technical resistance if ETH enters a strong bull market phase.Current Price: As of today, ETH is trading around $2,580 with a +1.09% daily gain, suggesting a potential continuation towards the first resistance zone.This analysis suggests that Ethereum is attempting a macro reversal, and reclaiming the ascending channel strengthens the bullish case. However, multiple resistance levels remain overhead, which will require strong volume and market sentiment to overcome.

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