$ETH #USST *ETH/USDT: ICT Power of Three Shows Bullish Reversal Setup at $1,693*
*Current Price*: $1,693.56, up +0.58% on the 12H
Ethereum dropped from $3,400 to $1,600, then formed a 3-month range between *$1,800–$2,400*. Price broke down, swept liquidity below $1,600 in the red zone, and is now bouncing.
*ICT Power of Three in Play*
1. *Accumulation*: ETH ranged sideways for months in the grey box. This is the "consolidation" phase shown in the ICT diagram.
2. *Manipulation*: The drop below $1,800 to $1,600 was a "liquidity sweep" to trigger stop-losses. This matches the bearish dip in the ICT bullish model.
3. *Distribution*: The grey projection shows a potential markup phase, targeting a retest of *$2,200* first, then the range high at *$2,400*.
*Key Levels*
- *Support*: $1,600 held as the sweep low. $1,667 is intraday low.
- *Resistance*: $1,800 is the first reclaim level. Above that, $2,150 and $2,400 are major targets.
- *Invalidation*: Daily close below $1,600 breaks the bullish reversal setup.
*Market Insight*
This is a textbook ICT "turtle soup" + Power of Three setup. Smart money often engineers breakdowns below support to accumulate cheap before a reversal. The sweep of $1,600 with a quick reclaim of $1,693 signals buyers are stepping in. If ETH reclaims $1,800, the path to $2,200 opens up fast.
*Disclaimer*: Educational analysis only, not financial advice. Crypto is highly volatile. Use proper risk management.
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*Maine kya change kiya:*
1. *Short rakha* - 3 sections + disclaimer only
2. *English fixed* - ICT terms properly explained
3. *Achi info added* - Power of Three breakdown, turtle soup concept, invalidation level