ETH : analysis of the main timeframes!

4 วันที่ผ่านมา

Hi😊

Today we'll be analyzing the ETH USDT trading pair.
We'll start with the higher timeframe and move on to the lower one.

Let's start with the daily chart: after breaking the high, the price continued to trade sideways.
The IMB was tested from below, which responded and sent the price into a correction toward the downward wave.

After the local liquidity drain, the price showed bearish aggression.
Nearest support zone $4 332 - $4 245



1h timeframe: the price is showing a corrective movement, and has identified zones above from which a reaction to a further decline may occur



15m timeframe: there is a buildup of local liquidity for asset growth and price delivery to nearby problem areas



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the price reached the designated target