Order Flow Signals Bullish Momentum
The current order flow structure for Ethereum is decisively bullish. Buy-side liquidity is dominant, indicating strong demand from market participants. This suggests that institutional and smart money flows are favoring long positions, providing solid support for higher price continuation.
Daily Fair Value Gap (FVG) Holding as a Strong Support Zone
The daily timeframe shows a key Fair Value Gap (FVG) that has been respected multiple times. This zone has acted as a significant area of demand, absorbing selling pressure and fueling upward momentum. As long as price holds above this level, the bias remains strongly in favor of continued bullish price action.
Correlation with Bitcoin’s Strength
Bitcoin’s current bullish structure is reinforcing ETH’s outlook. As BTC continues to maintain upward momentum and structure, ETH is benefiting from the positive market sentiment and correlation. Historically, Ethereum often follows Bitcoin’s macro trend, and this synchronized bullish movement adds further conviction to ETH’s upside potential.
The current order flow structure for Ethereum is decisively bullish. Buy-side liquidity is dominant, indicating strong demand from market participants. This suggests that institutional and smart money flows are favoring long positions, providing solid support for higher price continuation.
Daily Fair Value Gap (FVG) Holding as a Strong Support Zone
The daily timeframe shows a key Fair Value Gap (FVG) that has been respected multiple times. This zone has acted as a significant area of demand, absorbing selling pressure and fueling upward momentum. As long as price holds above this level, the bias remains strongly in favor of continued bullish price action.
Correlation with Bitcoin’s Strength
Bitcoin’s current bullish structure is reinforcing ETH’s outlook. As BTC continues to maintain upward momentum and structure, ETH is benefiting from the positive market sentiment and correlation. Historically, Ethereum often follows Bitcoin’s macro trend, and this synchronized bullish movement adds further conviction to ETH’s upside potential.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.