COINBASE:ETHUSD

I’m using the Volume Profile to try and gauge for where the smart money is trading at. I’m looking at the weekly chart; good thing with vol profile is that it doesn’t matter what time frame you look at, volumes will always stay the same unlike moving averages i.e. if looking at the same time frame in weekly, daily or hourly charts – volume profile will remain the same!

I’m analyzing from the start of the most recent bull run (Oct-20) till now, to see which levels could provide support of resistance.

Refer to the notes on the chart for commentary for each area.

1700 will be a key level, failing support at this level, could see it drop quickly to the 1200 level as there are smaller volume nodes between these two levels.