$ETH
Current price action on ETHUSDT 1H reflects a bearish retracement following an aggressive impulsive expansion from the 2,026 demand zone into the 2,149.86 liquidity high. After sweeping upside liquidity and printing a local top, price failed to sustain above resistance, signaling profit-taking from higher levels.
Market structure remains corrective in the short term. A minor CHOCH developed as price lost intraday support near 2,120, followed by a bearish BOS below recent consolidation lows. The rejection from the 2,128–2,150 supply zone confirms seller presence, while momentum candles show increasing downside pressure.
The wick into the 2,073 area indicates liquidity collection beneath equal lows. If buyers fail to reclaim 2,110–2,120, price is likely to continue toward deeper demand.
EP: 2,100–2,110 (Short)
TP1: 2,085
TP2: 2,073
TP3: 2,055
TP4: 2,035
SL: 2,130
This setup remains valid while price trades below the 2,128 supply region, with sellers maintaining short-term order-flow control after the liquidity sweep and rejection from resistance.