Analysis:
The chart suggests Ethereum is currently trading inside a strong Extreme Point of Interest (POI) after a series of Breaks of Structure (BOSS) to the downside. Price has entered a demand zone that may trigger a bullish reversal.
Key observations:
Downtrend Structure: Multiple BOSS confirmations show sustained bearish momentum leading into the Extreme POI.
Extreme POI (Demand Zone): Price is consolidating inside a deep demand area marked in red, indicating potential accumulation by buyers.
POI Reaction Expected: If price maintains support here, a bullish reversal is likely.
Fair Value Gaps (FVG):
Two major FVGs above act as logical bullish targets for price inefficiency fill.
Projected Price Path:
The drawn projection suggests:
Short-term bounce from POI
Breakout structure upward
Continuation toward higher FVG fills around $2,962, $3,130, and possibly $3,192 – $3,220.
Bias:
▶ Bullish, as long as price remains above the Extreme POI.
A breakdown below would invalidate the setup and continue the downtrend.
This is a strong smart-money style setup with a clean narrative:
Demand → Break of structure → FVG fill → Higher targets.
The chart suggests Ethereum is currently trading inside a strong Extreme Point of Interest (POI) after a series of Breaks of Structure (BOSS) to the downside. Price has entered a demand zone that may trigger a bullish reversal.
Key observations:
Downtrend Structure: Multiple BOSS confirmations show sustained bearish momentum leading into the Extreme POI.
Extreme POI (Demand Zone): Price is consolidating inside a deep demand area marked in red, indicating potential accumulation by buyers.
POI Reaction Expected: If price maintains support here, a bullish reversal is likely.
Fair Value Gaps (FVG):
Two major FVGs above act as logical bullish targets for price inefficiency fill.
Projected Price Path:
The drawn projection suggests:
Short-term bounce from POI
Breakout structure upward
Continuation toward higher FVG fills around $2,962, $3,130, and possibly $3,192 – $3,220.
Bias:
▶ Bullish, as long as price remains above the Extreme POI.
A breakdown below would invalidate the setup and continue the downtrend.
This is a strong smart-money style setup with a clean narrative:
Demand → Break of structure → FVG fill → Higher targets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join My telegram channel Free:
t.me/+r-thYiraqh4xNjI0
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/+r-thYiraqh4xNjI0
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
