$ETH Ethereum ($ETH) is showing some very interesting internal structure changes on the 1H timeframe. Using Smart Money Concepts (SMC), here’s what I’m seeing:
🔹 Market Structure: We’ve seen multiple CHoCH (Change of Character) signals near the $2,175 supply zone. The "Weak High" at the top suggests that buyers are losing steam.
🔹 Key Zones:
Supply (Resistance): $2,175 - $2,200 is holding strong.
Demand (Support): Price is currently gravitating towards the $2,125 - $2,100 order block.
Strong Low: The major support remains at $2,025.
🎯 My Strategy:
If ETH fails to hold the $2,125 level, we might see a fast move down to $2,050 to collect liquidity. However, a bounce from the current demand zone could send us back to retest the highs.
What’s your take on ETH? Are we heading to $2,200 or is the $2,050 retest inevitable? Let me know your bias in the comments! 👇
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