Bias could be short-term bearish, long-term bullish if FVG zones

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Bias could be short-term bearish, long-term bullish if FVG zonesEtherOANDA:ETHUSDBriana_FXThis is a weekly timeframe (1W) chart of Ethereum (ETH/USD), key Smart Money Concepts (SMC) elements. Here's a breakdown of the chart: --- πŸ” Chart Features: 1. Volume Profile (left side, vertical bars): Shows traded volume at each price level. Dense clusters indicate high interest zones (support/resistance or consolidation). The thickest part is the Point of Control (POC) β€” the price level with the most trading activity. 2. Marked Zones: RDI + PML (top left box) β€” likely stands for β€œRange Daily Imbalance + Previous Month Low.” It could signal a potential liquidity area or supply zone. FVG (Fair Value Gap) at: Around $2,200 Around $3,200 These are imbalances in price action where price may revisit to fill the gap. 3. Current Price: ETH is around $3,772.55. It appears to be in a potential premium zone or near a resistance level from volume profile highs. 4. Projection: A downward diagonal arrow from current price suggests potential bearish expectation, possibly targeting the lower FVG zones around $2,200 or $1,800. --- πŸ“ˆ Possible Interpretation: Price has reached a high-volume node and may face resistance. There is a chance ETH might retrace into Fair Value Gaps to rebalance inefficiencies before continuing upward. Bias could be short-term bearish, long-term bullish if FVG zones are filled and demand steps in.