ETH (just a perspective): Potential Liquidity Grab Before Deeper
Price has engulfed the DP and is now pushing higher. Based on the current structure, it looks like ETH wants to hunt the liquidity resting above the $4,080 level.
The chart clearly shows ETH targeting this key liquidity zone, with a strong push likely toward the $4,200 area. This move is intended to trap late buyers and trigger stop orders sitting just above that high.
After grabbing that liquidity, we might see a sharp reversal back down toward the MPL, which sits in the $2,100–$2,500 zone. This area is a strong demand zone and also where the most pain would be felt for late buyers, making it a key level to watch.
Looking at both the chart and structure, my view aligns with this idea: ETH likely pushes up first, hunting liquidity around $4,080–$4,200, followed by a strong correction down into the $2,100–$2,500 demand zone. It's a classic liquidity sweep setup - pump, trap, and dump.
⚠️ This is not a prediction, just a perspective based on price behavior and structure.
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ETH (just a perspective): Potential Liquidity Grab Before Deeper
Price has engulfed the DP and is now pushing higher. Based on the current structure, it looks like ETH wants to hunt the liquidity resting above the $4,080 level.
The chart clearly shows ETH targeting this key liquidity zone, with a strong push likely toward the $4,200 area. This move is intended to trap late buyers and trigger stop orders sitting just above that high.
After grabbing that liquidity, we might see a sharp reversal back down toward the MPL, which sits in the $2,100–$2,500 zone. This area is a strong demand zone and also where the most pain would be felt for late buyers, making it a key level to watch.
Looking at both the chart and structure, my view aligns with this idea: ETH likely pushes up first, hunting liquidity around $4,080–$4,200, followed by a strong correction down into the $2,100–$2,500 demand zone. It's a classic liquidity sweep setup - pump, trap, and dump.
⚠️ This is not a prediction, just a perspective based on price behavior and structure.