ETH Targets $3,700: Bulls Maintain Control After Smart Money!
2025-01-17
Category: None

ETH/USDT 4H Chart Analysis (SMC Principles) 
 Market Structure: 

ETH is currently trading at $3,403, displaying a bullish setup supported by healthy momentum and institutional accumulation.

 Key levels: 
 
 
 
 
 Support:
 Discount zone: $3,200 (major accumulation area).
 Stop-loss level: $3,280 (below recent liquidity sweep).
 Resistance:
 FVG target: $3,550.
 Premium zone: $3,700-$3,800 (key area for distribution).
 
 
 Momentum: 
 
 
 
 
 RSI: At 59.27, showing healthy bullish momentum.
 Hidden bullish divergence: Observed on RSI vs price action from January 9th lows, indicating potential for further upside.
 

 Trade setup: 
 
 
 
 
 Entry: Current level ($3,403).
 Targets:
 T1: $3,550 (FVG fill).
 T2: $3,700 (premium zone).
 Stop-loss: Below $3,280 to limit downside risk.
 Risk-to-reward: Favorable setup with strong potential if support at $3,280 holds.
 Confidence level: 8/10 for bullish continuation.
 
 
Market Maker Activity: 
 
 
 
 
 Likely accumulation in the $3,000-$3,200 range, as evidenced by strong buying interest.
 Expect market makers to push the price higher to take out stops above $3,550 before any significant pullback.
 

 Considerations: 
 
 
 
 
 Volume confirmation: Monitor volume near $3,550 to ensure momentum supports a breakout.
 Support retest: Watch for any pullbacks to $3,400-$3,350 as potential entry zones for better R:R.
 Premium zone reaction: Be prepared for resistance or distribution near $3,700-$3,800.
 

This setup suggests a bullish continuation with strong targets at $3,550 and $3,700, backed by clear institutional activity and momentum.