ETHUSD: Weekly Demand Reaction Could Ignite a Rally Toward $3,40EtherOANDA:ETHUSDXau_InsightssEthereum is approaching a significant Weekly Demand Zone, an area where institutional buying has previously entered the market. After a prolonged bearish decline, price is nearing a high-probability Point of Interest (POI) that could serve as the foundation for the next major bullish move. The current sell-off appears to be targeting liquidity resting below recent lows. If Ethereum sweeps this liquidity and buyers successfully reclaim bullish market structure, a strong reversal could develop from the Weekly Demand Zone. As long as this higher-timeframe support holds, the probability of a sustained recovery increases. A confirmed bullish reaction from this area could trigger a long-term rally, with $3,400 acting as the first major upside objective. Key Concepts Used: * Smart Money Concepts (SMC) * Market Structure * Liquidity * Liquidity Sweep Potential Scenario: * Support Zone: Weekly Demand / Weekly POI * Bullish Confirmation: Liquidity sweep followed by bullish market structure confirmation. * Target: $3,400 Not Financial Advice.