"ETH - looking for a small scalp"
2024-12-01

Ethereum is currently navigating between critical levels, with a notable interaction around the highlighted POC and value area on the chart.

Analysis and Justification:

	1.	Initial Upside Target - $3689:
	•	The first orange arrow marks the $3689 level as the immediate target. This is a crucial zone near the point of control (POC) from the previous session, acting as a magnet for price.
	•	If bullish momentum continues, this area is likely to act as a resistance before any significant breakout or rejection.
	2.	Downside Move to $3670:
	•	After reaching $3689, the analysis suggests a potential fallback towards $3670.
	•	This level aligns with the lower value area and is a probable support zone where buyers may step in. A breach below this level could trigger further downside pressure.

You may long and short but follow the lines :D