ETH/USDT 4H: Patience is Key as Market Finds Direction
2025-01-21
Category: None


ETH/USDT 4H Chart Analysis
 
Current Market Condition: 
 
 Bearish bias, trading at $3240 with declining momentum.
 

 Smart Money Analysis: 
 
 Selling Pressure: Lower highs indicate institutional distribution.
 FVG: $3400 acting as strong resistance.
 Liquidity Pools: Below $3200 likely targeted next.
 

 Key Levels:
 
 
 Resistance: $3400, $3500
 Support: $3200, $3000
 Weekly Low: $2900 (major support).
 

 Technical Indicators: 
 
 Hidden bearish divergence on RSI.
 Money flow suggests ongoing distribution.
 

 Trade Setup (Confidence: 6/10): 
 
 No immediate entry recommended.
 Shorts: Enter if price breaks below $3200 with volume.
 Longs: Only consider if $3300 is reclaimed with strong volume confirmation.
 

 Recommendation: 
 
 Patience is key.
 Market makers are likely accumulating at lower levels while trapping retail in premature longs.
 Wait for a clear break of the range to confirm  direction before taking a position.
 Confidence Level: 6/10 for cautious trading in current conditions.
