$ETH Sitting On A Multi-Week Demand Zone — $1,766 Target 🎯
Swept $1,534 And Bounced. The Setup Is Exactly What We Wanted. 😤
Trading Setup:
Entry: $1,534.38 — $1,568.56
TP1: $1,621.24 | TP2: $1,700.00 | TP3: $1,766.21
SL: $1,500.00
$ETH broke below the $1,621 white horizontal support, wicked down to $1,534 sweeping every stop sitting below that level, and is already recovering back toward $1,568. That sweep and immediate recovery is the Smart Money signature — they needed the liquidity below $1,534 and they got it. The green demand zone between $1,534 and $1,568 has been building since early June and every touch of it has resulted in a bounce. 🧠
The FVG between $1,568 and $1,766 is completely untouched — that red horizontal at $1,766 is where Smart Money distributed before the latest drop and price will return to fill that imbalance. BOS above $1,621 confirms the recovery is live and from there $ETHUSDT has a clear path through $1,700 and straight into $1,766. $1,500 breaks and the demand zone is gone completely — but right now this is the deepest discount $ETH has given us in weeks and the chart is showing exactly the reaction you want to see. 💪
#HYPEFalls17%FromRecordHigh
#PredictionMarketVolumeHitsRecordHigh
#CircleToPartnerNomuraForInstantFXSettlement
Swept $1,534 And Bounced. The Setup Is Exactly What We Wanted. 😤
Trading Setup:
Entry: $1,534.38 — $1,568.56
TP1: $1,621.24 | TP2: $1,700.00 | TP3: $1,766.21
SL: $1,500.00
$ETH broke below the $1,621 white horizontal support, wicked down to $1,534 sweeping every stop sitting below that level, and is already recovering back toward $1,568. That sweep and immediate recovery is the Smart Money signature — they needed the liquidity below $1,534 and they got it. The green demand zone between $1,534 and $1,568 has been building since early June and every touch of it has resulted in a bounce. 🧠
The FVG between $1,568 and $1,766 is completely untouched — that red horizontal at $1,766 is where Smart Money distributed before the latest drop and price will return to fill that imbalance. BOS above $1,621 confirms the recovery is live and from there $ETHUSDT has a clear path through $1,700 and straight into $1,766. $1,500 breaks and the demand zone is gone completely — but right now this is the deepest discount $ETH has given us in weeks and the chart is showing exactly the reaction you want to see. 💪
#HYPEFalls17%FromRecordHigh
#PredictionMarketVolumeHitsRecordHigh
#CircleToPartnerNomuraForInstantFXSettlement