1️⃣ ETH Market Structure & Trend (SMC)

• Main Trend: Still bearish, but signs of accumulation are appearing.
• Break of Structure (BoS): The price has not broken through the key resistance zone of $1,900.
• Supply Zone (Resistance): $1,900 – $1,950 (VPVR + EMA50).
• Demand Zone (Support): $1,750 – $1,800 (Recent bottom).

2️⃣ Volume Profile (VPVR)

• POC (Point of Control): ~$1,875 (Price is retesting the POC; reaction needs to be observed).
• High Volume Node (HVN): $1,850 – $1,950 (Significant accumulation zone).
• Low Volume Node (LVN): ~$1,750 (If rejected at POC, it may retest this area).

3️⃣ EMA (Exponential Moving Average)

• EMA200 (Purple): ~$2,175 – The trend remains bearish with no clear reversal signals.
• EMA50 (Red): ~$2,057 – Price is attempting to test the EMA50, awaiting breakout confirmation.

🔹 If the price holds above EMA50 and POC, a short-term recovery could occur.
🔹 If rejected at EMA50, the bearish trend is likely to continue.

4️⃣ RSI (Relative Strength Index)

• RSI (14): ~70.46 – Near overbought territory, increasing the likelihood of selling pressure.

🎯 PLAN – Trading Strategy

📉 Short Scenario (Preferable following the main trend)

• Entry: $1,900 – $1,950 (Resistance Zone + EMA50).
• Stop Loss: $1,970.
• Take Profit:
  • TP1: $1,850.
  • TP2: $1,800.
  • TP3: $1,750.

Condition: RSI is overbought, and the price fails to break through $1,950.

📈 Long Scenario (High Risk, Requires Breakout Confirmation)

• Entry: $1,875 – $1,900 (Price holds above POC).
• Stop Loss: $1,850.
• Take Profit:
  • TP1: $1,950.
  • TP2: $2,000.
  • TP3: $2,050.

Condition: Candle closes above $1,900 with strong volume.

5️⃣ Conclusion

• Main Trend: Bearish, with the price testing a key resistance zone.
• Strong Resistance: $1,900 – $1,950 (EMA50 + VPVR).
• Key Support: $1,750 – $1,800.
• Primary Strategy: Short if rejected at EMA50, Long if a clear breakout occurs.

⚠️ Wait for price confirmation at $1,900 before making any trading decisions! 🚀

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