Ethereum season is coming? #trading

12 Jul 2023 · 1 min

Watch on YouTube

0:56

In this video, The Art of Crypto provides a technical analysis of Ethereum (ETH) price action, focusing on key liquidity zones and a highlighted "blue box" target area. The analyst outlines two primary scenarios: a bearish case where a daily candle closes below $1,825, potentially triggering a retracement to around $1,725 and a bounce within the blue box, and a bullish case where ETH bounces off recent liquidity, allowing momentum trading up to $2,100. The ultimate downside target is identified around $1,600–$1,420. The presenter also pinpoints $1,425 and $1,600 as attractive entry points, estimating potential gains of 50‑75% if those levels are reached. The overall tone is instructional and analytical, aimed at traders looking to position themselves for a possible "Ethereum season" rally.

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.