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XRP / USDT
Long

ETH Targets $3,700: Bulls Maintain Control After Smart Money!

By Cryptokijker
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.
Chart PatternsethlongethreumETHUSDTechnical IndicatorsTrend Analysis
Cryptokijker

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