What is ETH Cooking up? #trading

18 Jul 2023 · 1 min

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In this concise trading commentary, the presenter outlines a bullish strategy for Ethereum (ETH) based on liquidity sweep dynamics and order block analysis. He explains that when sell‑side liquidity is swept, it fuels upward price movement, positioning ETH for new highs. The plan targets an initial price level of $2,118, with a longer‑term profit target around $2,540‑$2,550. Key entry zones are identified near $1,650 and $1,717, while a critical sell‑side liquidity sweep point is highlighted at $1,872. The speaker emphasizes momentum trading using order blocks, noting price support at the identified block and projecting continued upward momentum.

Chapters

Now, ETH is doing really, really well. Last week we talked about how this liquidity is swept and we expect price to make new highs. In a bullish market, when sell-side liquidity gets swept, you make new highs. That provides the fuel necessary to make new highs. So currently Ethereum is still targeting $2,118. That is going to be the first target. Ideally, the TP should come at around $2,540, $2,550. That is going to be a very good bullish target for Ethereum. You simply momentum trade, right? You take order blocks, right? This would be an order block. Notice how price finds support there. And then now it's probably going to keep going higher. And again, The place that I would be looking to buy is $1,650. That's going to be one of them, as well as around $1,717. Just wait for sell-side liquidity sweeps. In this case, it'll be right here at $1,872. If you sweep the sell-side liquidity, then that provides enough fuel for you to form new highs and take profit at $2,118. That is going to be the plan for Ethereum. Again, just bullish for now.