#ETH Market Update: Liquidity Hunt in Progress
The recent impulsive move from $1,736 to $2,130 was impressive, but it has left a trail of unfinished business behind. As the saying goes: liquidity is the fuel the market needs to move.
The Technical Picture
Imbalance Downside: That rapid push higher created a significant imbalance and left a massive cluster of long liquidations sitting below the current price.
The $1,900 Magnet: If you look at the heatmap, there is a bright yellow heat zone concentrated right around the $1,900 level. This represents a massive pool of liquidity that the market maker rarely leaves untouched.
The Game Plan:
I feel this $1,900 pocket will likely be filled within the next 2-3 days. Sweeping these levels is often a healthy "reset" for the market, clearing out over-leveraged longs before we see any sustainable, long-term upward move.
Note: Stay disciplined and position yourself accordingly. Don't chase the pump while there's still a vacuum below us.
