Been watching
$ETH really closely today, and it feels like it's caught in a bit of a tug-of-war right now. We're seeing it bounce around, effectively stuck between some clear support and resistance levels.
What's particularly interesting, and often a big tell, is where the real liquidity is sitting. Right now, there's a noticeably larger pool of buyer liquidity resting just below our current support zone compared to what's above resistance. This often signals a potential move downwards to sweep those orders.
So, for a quick scalp, I'm leaning bearish on
$ETH here. A short play seems to make sense to capitalize on that expected liquidity grab.
Looking at the charts, a sensible target price would be around 2120-2118. For risk management, I'd set a stop loss at 2146. It's about following where the market is likely headed to clear out those bids.
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