Let's see if the whales will support Ethereum price🔥

١٩ أغسطس ٢٠٢٢

DOM and Footprint are the tools which i use to identify the BIG orders from which the price can bounce. I marked 2 vallue areas on the chart which can become the support for the price and the whales orders expected:
1. $1700-1800 - now the ETH inside this value area. If whales orders apear i`ll open trade with the short sl
2. $1450-1570 - closest and the last support before the local lows at $930.

The previous scenario is still relevant but pay your attenion to stock market indexes. If they will start to fall, the crypto will follow them too. In this case $1450-1570 value area can become the strong support.

📊 Preconditions to open a longs from the support areas:
🔥 BIG whales orders at DOM and Footprint
🔥 the volume growth which confirm the whales purchases
🔥 squeeze to the trendline what mean the upcoming breakout of this trendline
🔥 bullish BTC help ETH to reach all the targets

📊 The targets:
1. $2000 - the key level which become the huge resistance
2. $2350-2500 - the closest value area
3. $3000 - the important key level

🚩What do you think about this target for ETH? Is it possible to ETH reach all this targets in 1-4 weeks?

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.