Ethereum season is coming? #trading

12 Jul 2023 · 1 min

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0:56

In this video segment, the presenter conducts a technical analysis of Ethereum (ETH), focusing on key liquidity zones and price levels displayed on the chart. He identifies a blue box as a target area and outlines two primary scenarios: a downside move triggered by a daily close below $1,825, potentially retracing to around $1,725 and the blue box before a bounce, and an upside bounce from current liquidity that could allow momentum trading up to $2,100. He also highlights deeper dump targets near $1,600 and $1,420–$1,425, labeling the $1,425 and $1,600 levels as attractive buying zones that could yield 50‑75% gains. The analysis emphasizes chart structure, wick‑driven liquidity removal, and actionable price targets for traders.

Chapters

Let's take a look at ETH. Feel free to mark the chart out. Essentially, these are the levels of liquidity as well as that blue box over there. The blue box remains the target, but Ethereum is looking a little bit more shaky than Bitcoin. So the only thing that I would look for on ETH, like a confirmed daily candle body close beneath $1,825, then there's a pretty decent chance that you're gonna just go for a little bit more of a retrace, maybe to $1,725, to this blue box right here before you bounce. New target range highs, or like the second scenario I would be looking at is that, you know, you have liquidity here that has been taken out by this wick. So ideally you just want Ethereum to start bouncing here, and if it does, then you can just momentum trade Ethereum all the way up until $2,100. And the ultimate target for an Ethereum dump is going to be at $1,600 plus $1,420. Now if you get either one of these levels, like $1,425 and $1,600, like those are pretty good places to buy. So that will give you a potential gain of 50 to about 75%. So that is ETH.