#ETHUSDT | DAILY TIMEFRAME UPDATE
2025-01-14
Category: None

#ETHUSDT | DAILY TIMEFRAME UPDATE

In this analysis, we’ll examine #ETH using the monthly and weekly charts:

Today, the price of #ETH experienced a sharp drop, breaking below the previous monthly low and falling further below $3,000.

On the weekly chart, there’s a Fair Value Gap (FVG) between $3,010 and $2,722. This zone is critical for us on higher timeframes, and we’ll need to wait for confirmation before considering any buy positions.

However, if you’re planning to buy without waiting for confirmation, prices below $3,000 may be favorable for mid-term and long-term investments. Just keep in mind, no confirmation has been established yet.