What is ETH Cooking up? #trading

18 Jul 2023 · 1 min

Watch on YouTube

0:53

In this YouTube commentary, The Art of Crypto delivers a bullish technical analysis of Ethereum (ETH). The presenter explains that recent sell‑side liquidity sweeps provide the fuel for new price highs. He outlines a trade plan: the first price target is $2,118, with an ideal take‑profit range around $2,540‑$2,550. Key entry zones are identified near $1,650 and $1,717, while a critical sell‑side liquidity sweep area sits around $1,872. The analysis relies on order‑block concepts, momentum trading, and the premise that sweeping sell‑side liquidity triggers 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.