ETH Weekly Update

13 Jun 2023 · 1 min

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In this solo market commentary, the creator of The Art of Crypto analyzes Ethereum’s price action relative to Bitcoin, emphasizing that ETH is holding up better. He notes that daily liquidity has already been taken and explains that he uses candle bodies to pinpoint where institutional volume concentrates. Observing the 1‑hour chart, he identifies a similar setup to Bitcoin where sell‑side liquidity was removed and price is now pumping. He recommends entering a trade on a retracement to an order block, placing the entry at the wick low, and targeting $1,905, which yields a 7.4 × risk‑to‑reward ratio. The segment focuses on liquidity analysis, institutional volume detection, and a concrete trade plan for ETH.

Chapters

Ethereum surprisingly is holding up better than Bitcoin. If there is one notable thing to note is that this daily liquidity here has already been taken. The reason why I'm using the candle bodies is because that's where most of the institutional volume is concentrated at. Given that this key level has been taken inside a discount zone, jump into a lower timeframe to see if there are any potential trade ideas. On the 1-hour, yeah, on the 1-hour there definitely is similar setup to Bitcoin where you took out the liquidity here and that is your sell-side liquidity and then price is currently pumping. Now similarly to Bitcoin, I would just take a trade at when it retraces back to an order block, place it at the wick low. And then as for Ethereum, this is where I would target right there. That is at $1,905. So this trade is a 7.4 risk-to-reward trade.