4h TF. $ETH The asset reached the resistance zone POI. The price quickly approached the upper boundary of the channel but could not hold. The momentum weakened, short purchases, which usually indicates weakness among buyers.
The volume profile shows that there is no liquidity above the resistance zone, while the main volumes are traded below, in the range of 3000–2900. A return to this area is expected, especially if the price bounces off the upper boundary of the channel again.
In short, there is strong resistance above, buyers are showing weakness, and the main volumes are below. Most likely, after slight fluctuations before the FOMC meeting, ETH will reverse and head down to 3000–2880.
ETHUSDT
Perp
3,329.5
+6.52%
