$ETH

Current price action on $ETH reflects a short-term corrective phase following an aggressive impulsive expansion from the $2,026 demand zone into the $2,149.86 liquidity sweep. The strong bullish displacement created a local high before encountering heavy supply, where sellers successfully defended resistance and triggered profit-taking. Since the rejection, price has formed a sequence of lower highs and lower closes on the 1H structure, signaling a temporary shift in momentum from buyers to sellers rather than immediate trend continuation.

The recent selloff has already removed a portion of late long liquidity above $2,140 and is now targeting resting liquidity beneath the consolidation range. The sharp downside wick into the $2,073 area suggests sell-side liquidity has begun to be collected, but price remains vulnerable while trading below the $2,125–$2,130 resistance cluster. This zone now acts as a supply area where trapped buyers may provide additional sell pressure on retests.

Order flow currently favors sellers as bearish momentum accelerates from the range breakdown. Unless buyers reclaim the broken structure above $2,125, rallies are likely to be corrective. The setup remains valid while price stays below resistance, with liquidity magnets resting toward deeper support levels around $2,080 and $2,060.

EP: $2,102 – $2,110

TP1: $2,085

TP2: $2,073

TP3: $2,060

TP4: $2,045

SL: $2,128