ETH/USDT | Break through the resistance

[encrypted]

After reaching $2386 a few days ago and finally getting out of the Consolidation phase, Ethereum dropped back into the same zone it was stuck in, now being traded at $2162, below the old 4H FVG.

The 4H FVG has been tested and retested several times and except for once when it reached $2386, Ethereum has not been able to go through it, have been rejected several times right now, which makes this FVG a very important resistance.

Now, I expect Ethereum to retest the FVG once more, and if it manages to go above the C.E. of the gap which is at the $2208 level and stabilizes there, we could see it go through the FVG entirely.

However, if it fails at retesting the FVG, it could drop all the way to $2070 level.

[kevin1]

for ethereum, repeated rejection at the 4h fvg indicates strong supply, making it a critical level for directional bias.