Ethereum / TetherUS
2025-02-13
Category: None

Ethereum Market Analysis

Introduction
Hello dear traders! In this analysis, I have updated the status of the popular Ethereum chart. In the previous analysis, I mentioned the presence of a structural change (CHoCH) in the weekly timeframe.

Technical Analysis
Currently, Ethereum is in the process of correcting to gather liquidity in the specified areas on the chart. It seems that a new upward trend has formed, and we can profit from this movement with short-term buying and proper risk management.

Price Targets

First Target: I expect the price to reach the Extreme OB (Day) level at 3555.18.
Second Target: After reaching this level, we may witness a price decline again while hunting for the Liquidity Dayle at the rate of 3525.72.
Possible Path
With the continuation of this trend, there is a possibility that the price may not reach the Secret Order Block (Day) level at 1985.78. If this scenario does not materialize, I will update the chart again and specify the ideal entry areas for you.

Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)

Risk Disclosure:

Trading in the cryptocurrency market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.