$ETH ETHUSDT Market Analysis: Key Levels & Next Potential Move
Looking at the ETHUSDT Perpetual 15-minute chart on Binance, the market structure is showing signs of a potential shift from its recent upward momentum to a bearish correction.
Here is a breakdown of the critical zones and the expected price action:
🔍 Key Technical Observations
Trendline Breakdown: The price had been strictly respecting an ascending trendline (up-trend), indicating steady bullish momentum. However, the price has recently broken below this trendline, signaling that the buyers are losing control and a structural shift is taking place.
The Rejection Zone (Supply Area): The blue highlighted area at the top ($1,690 – $1,720) acts as a heavy Rejection Zone. Every time the price enters this territory, strong selling pressure (supply) kicks in, preventing the bulls from pushing higher.
FVG (Fair Value Gap): There is a clear Fair Value Gap highlighted in purple on the left. This represents an imbalance in price delivery. While the market frequently moves to fill these gaps, the immediate focus remains on the overhead resistance.
📉 The Expected Move (Path of Least Resistance)
According to the market analysis indicated by the arrows:
The Liquidity Hunt / Retest: We can expect a short-term relief rally where the price moves back up to retest the lower boundary of the Rejection Zone (around the $1,700 level) to trap early shorters and gather liquidity.
The Bearish Drop: Once the price mitigates the resistance area and faces another rejection, a sharp downward continuation is anticipated. This drop will likely target lower liquidity pools, confirming a bearish phase.
💡 Trading Strategy Note
Look for confirmation of bearish price action or exhaustion candles inside the Rejection Zone before anticipating the short move down. Always manage your risk and wait for the candle to close.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
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