$ETH Looking at ETH/USDT charts (4h, 1h, and 15m), I can identify a shift in market structure. After a strong impulsive move up to the 2,415.04 liquidity pool, the price is currently experiencing a retracement.$ETH

​Based on Smart Money Concepts (SMC) and the technical indicators (Bollinger Bands, MACD, and SAR), here is the in-depth analysis across multiple timeframes.

​1. Market Structure & Trend (4H Timeframe)
​The 4H chart shows a clear Bullish Market Structure with a series of Higher Highs (HH) and Higher Lows (HL).

​MSB (Market Structure Break): The recent break above the 2,280 level confirmed bullish intent.

​Current State: Price hit a peak at 2,415.04 and is now retracing. This looks like a hunt for sell-side liquidity before a potential continuation.

​SAR Insight: The Parabolic SAR dots are still below the price on the 4H, suggesting the macro-trend for this move remains upward for now.

​2. SMC Support & Resistance Zones (Supply/Demand)
​Based on the price action and candle clusters, here are the exact values for your zones:
Zone Type Value Range (USDT) Significance
Major Supply (Target) $2,415 - $2,460 The recent swing high. Expect heavy selling pressure here.

Immediate Support (MB) $2,258 - $2,286 Aligns with the 4H Middle Bollinger Band and a previous consolidation area.

SMC Demand Zone (POI) $2,175 - $2,218 The "Origin" of the last breakout. A high-probability area for a "buy the dip" entry.

Extreme Discount $2,118 The 4H Lower Bollinger Band; a break below this shifts the bias to bearish.

3. Low Timeframe Analysis (1H & 15m)
​This is where we see the "internal" structure shifting.

​1H Chart: Price has crossed below the Middle Bollinger Band (2,357.70). This is an initial sign of weakness. The MACD histogram is starting to fade, showing decreasing bullish momentum.

​15M Chart: We see a Change of Character (ChoCh) to the downside. The price is currently riding the Lower Bollinger Band (2,341.86), indicating a strong short-term bearish push.

​4. Confluence & Strategy
​Bearish Divergence: On the 1H and 15m, the price made a high, but the MACD failed to make a higher peak. This "exhaustion" led to the current drop.

​The "Squeeze": The Bollinger Bands on the 15m are beginning to narrow again after the drop. This usually precedes another volatile move.

​Trade Logic: * Short-term: Price is likely to test the 2,286 (1H LB) to 2,300 psychological level.

​Long-term: Look for a bullish reversal pattern (like a double bottom or a 15m ChoCh) once price hits the $2,258 - $2,280 demand zone.

​Summary Observation: The market is currently "balancing" after the overextension to 2,415. Watch the 2,286 level closely. If it holds, the uptrend remains intact. If it fails, we are looking at a deeper correction toward the 2,175 demand zone.