$ETH /USD chart
Current Price: $1,595.75
Key Observations:
• EQH (Equal Highs) liquidity sweep just above $1,610.
• Price has tapped into a supply zone and is reacting bearishly.
• Nearest demand zone sits around $1,580–$1,585.
⸻
Signal / Bias:
Short-Term Bearish Reversal Setup
• Price rejected supply after grabbing EQH liquidity – a classic liquidity sweep + reversal play.
• Short entries could be valid around current price with targets down to the $1,580 demand zone.
• If $1,580 breaks, downside continuation toward $1,560–$1,550.
Invalidation for Shorts:
• Break and close above $1,612–$1,615 would flip bias back bullish.
#Ethereum
Current Price: $1,595.75
Key Observations:
• EQH (Equal Highs) liquidity sweep just above $1,610.
• Price has tapped into a supply zone and is reacting bearishly.
• Nearest demand zone sits around $1,580–$1,585.
⸻
Signal / Bias:
Short-Term Bearish Reversal Setup
• Price rejected supply after grabbing EQH liquidity – a classic liquidity sweep + reversal play.
• Short entries could be valid around current price with targets down to the $1,580 demand zone.
• If $1,580 breaks, downside continuation toward $1,560–$1,550.
Invalidation for Shorts:
• Break and close above $1,612–$1,615 would flip bias back bullish.
#Ethereum