ETHUSD Analysis 202

Crypto Analysis (21st April 2024)

ETHUSD Analysis

On the 4 hour Timeframe, Price action is currently retracing into a FVG which created a Change of character before attempting to break a lower low and failing.

If price action respects the FVG or the OB on the 4 hour timeframe and create a change of character at the 3021.30 Level price action is more than likely to break and retest that level to continue lowerr taking out the sell slide liquidity Below.

However, if price action decides to break aggressively above the 3279 level, there is a high chance price action will pump towards the 3550 Level. Keep a look out for bullish confirmation like a break and retest, or a retest of a bullish FVG.