ETH — The $3,000 Rebound Zone: Multi-Confluence Support

17 בנוב׳

ETH has reached a key level around $3,000, a major psychological zone that also aligns with multiple high-timeframe supports. The yearly VWAP sits at $3,023.5, providing the first layer of confluence. Additionally, both the 21-month EMA ($3,028) and the 21-month SMA ($3,100) cluster tightly in this region, reinforcing it as a strong structural support zone.

This creates a long setup with a clear invalidation below the $3,000 level. The primary target is the 0.5 Fibonacci retracement at $3,331, which lines up closely with the yearly open at $3,337.78. This area also contains a fair value gap and the anchored VWAP, forming a solid resistance cluster and a logical take-profit zone.

Support and resistance levels are well-defined, and the trade structure is clean.

• R:R ~1:5 if entering directly at the yearly VWAP support
  
• R:R ~1:2 if entering at current price levels
  

Overall, ETH is positioned at a high-probability long zone with strong multi-confluence support and a clear upside target.

🔍 Indicators used

• DriftLine — Pivot Open Zones [SiDec] → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points
  
• Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the monthly 21 EMA/SMA.
  
• VWAP
  

➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.

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לפני 7 ימים

הערה

ETH Update:

ETH followed BTC and tapped the 0.702 Fib “sweet spot”, with the $3000 key support holding. I’m looking for a reversal back toward the yearly open.

לפני 6 ימים

הערה

ETH Update:

ETH is about to fill that open gap:


Educational Note:
Open gaps occur when price jumps or drops significantly between periods, leaving a “gap” on the chart with no trading activity. These gaps often act as magnet zones. Price tends to return and fill them because they represent untested levels where buyers or sellers missed the opportunity.

לפני 6 ימים

הערה

The retest of the swing high at $2879 and 0.73 fib confluence gave a high-probability long setup:

לפני 5 ימים

הערה

ETH Update:


ETH continues to form lower highs and lower lows. Today’s selloff tapped a key weekly support level, which also aligns with the 0.75 Fibonacci retracement → a classic confluence zone where price often reacts. Notice how the downside Fib targets keep repeating, and there’s a reason for that. Markets often gravitate toward the same fib clusters because they reflect underlying trader psychology: where liquidity pools sit, where trapped positions unwind, and where smart money begins scaling in or out.