On the weekly chart, Ethereum quotes reached the FVG zone, but did not fill it. This means that the price could reach 720 in the next 1-2 weeks, but this is not a necessary scenario. In any case, there are tests of the FVG zone with the close above, which indicates that the price will aim for the next liquidity void zone, which is above 2160. Therefore, I expect the price to rise from the current values to 2160, or to rise through a renewal of the low.
Of course there is an order block zone around 1500, which could hinder this scenario, but considering the fact that there are no test zones below 720, the price will probably reversal from the 720-900 area. Especially considering the fact the price is in the global discount market area.
*This forecast is the personal opinion of the author and is not a recommendation for action.
Of course there is an order block zone around 1500, which could hinder this scenario, but considering the fact that there are no test zones below 720, the price will probably reversal from the 720-900 area. Especially considering the fact the price is in the global discount market area.
*This forecast is the personal opinion of the author and is not a recommendation for action.