Ethereum Trading Oppurtunities

23 Aug 2023 · 1 min

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In this segment of the YouTube video "Ethereum Trading Opportunities" by The Art Of Crypto, the presenter walks through a short‑term trading plan for Ethereum (ETH). He draws a Fibonacci retracement to locate a potential short entry around the $1,711 level, explains how the price is moving between range highs and lows, and highlights liquidity sweep zones that act as support or resistance. The speaker outlines a trade idea that targets a range‑extension to $1,711 with a projected 5.6:1 risk‑to‑reward ratio, and demonstrates how to set a price alert to capture the opportunity without missing the move.

Chapters

Anyways, returning back to Ethereum, we're just gonna do the same thing, draw a fib. And at the moment, that seems to be the area of value for Ethereum for a short, which is at around $1,711. So if you return back into this area, that's going to be an area where you can look to short, maybe take profit somewhere there. That's range lows. You sweep it, you sweep the range high. After range high, you come back, sweep the range low. Now you are in progress to sweeping the range high. So the next time that you sweep the range lows, which is liquidity here, here, here, and here, So basically, for example, I would do it like that where you sweep this target range high for a range extension to 1711, a bull picture. And, you know, a possible trade idea would probably look like this, which will net you like a 5.6 to 1 risk to reward ratio, which is still an amazing trade. In fact, I will set an alert right now just so I don't miss this.