Ethereum (ETH/USDT) Bullish Continuation Into Supply Overview
On the 45-minute timeframe, ETH/USDT is showing short-term bullish momentum after forming higher lows and pushing back toward a major supply / fair value gap (FVG) zone overhead.
Price is currently around $1,991, approaching a key resistance region.
🧠 Market Structure Breakdown
1️⃣ Prior Bearish Structure
Multiple BOS (Break of Structure) to the downside earlier.
Strong selloff created inefficiencies (FVGs) and supply above.
Market bottom formed near the $1,920–$1,930 demand area.
2️⃣ Current Shift in Momentum
Price formed higher lows from the recent bottom.
Gradual bullish structure forming.
Buyers are pushing price back into previous imbalance.
This suggests:
Short-term bullish retracement inside a broader supply zone.
🟥 Key Resistance Zones
🔴 1. Supply + FVG Zone: $2,015 – $2,030
Previously strong rejection area.
Confluence of supply + imbalance.
Likely first reaction zone.
🔴 2. Major FVG: Around $2,085
Larger imbalance above.
If price breaks $2,030 cleanly, this becomes the next magnet.
Matches the projected move shown on the chart.
🟢 Support Zone
🟢 $1,920 – $1,940
Clear demand base.
Strong reaction previously.
If bullish structure fails, this zone likely gets revisited.
📈 What’s Most Likely?
Scenario A (Higher Probability)
Price taps $2,015–$2,030.
Possible pullback.
If momentum continues → expansion toward $2,080–$2,090 FVG.
Scenario B (Rejection)
Strong rejection at supply.
Break below $1,970.
Rotation back toward $1,930 demand.
⚖️ Bias
Short-term: Bullish retracement / continuation
Mid-term: Still testing major supply
Confirmation needed:
Clean break and hold above $2,030 = bullish continuation.
Strong rejection w/ bearish BOS = reversal setup.
Long