Ethereum
Long

ETH - Ethereum Weekly Chart

90
🔍 Market Structure & Smart Money Analysis:
✅ Bullish Signs:
Recent CHoCH at $2,000: Suggests shift from bearish to bullish order flow

BOS above recent resistance: Confirms upward market structure

Stochastic Oscillator: Turning bullish from oversold area (momentum confirmation)

Volume Pickup: Suggests stronger buyer interest

🧠 Liquidity Zones:
Equal Lows (EQL) seen in 2023 and again near 2024 → were taken out → classic liquidity sweep before reversal

Weak High near $4,951: A future potential liquidity target

Supply Zone around $3,200–$3,700: Previously strong resistance, could act as a rejection point again


🧭 Trend Summary:
Macro Structure: Recovering from multi-month downtrend

Short-Term: Bullish momentum building post-reversal

Next Objectives:

Bullish target: $3,200–$3,700 (possible pause or reversal zone)

Bearish invalidation: Drop below $2,000 with strong candle body

📝 Conclusion & Outlook:
ETH has likely confirmed a bullish shift on the weekly timeframe with the CHoCH and BOS above $2K.

Immediate upside targets are within the $3,200–$3,700 region before facing stronger resistance.

This could be the beginning of a longer-term accumulation → markup cycle, targeting the $4,950+ liquidity zone eventually.

Keep monitoring weekly closes and volume, and watch for divergence or rejection signals near supply zones.
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