$ETH is on my radar because this sharp move down looks like a liquidity grab, not the end of the trend.

Reason

Price rejected near the 3260 area and sold off fast into 3155. That drop cleared a lot of late longs in one move. I’m seeing strong wicks at the lows, which tells me buyers are reacting and absorbing pressure.

Market read

Right now price is holding around 3160 after the sweep. This zone is important support. Sellers pushed hard but couldn’t extend lower with strength. I’m reading this as short term stabilization after a flush.

Entry Point

3155 to 3170

This area sits right on the liquidity sweep zone. I’m interested here because price already reacted and defended this level.

Target Point

TP1 3220

TP2 3260

TP3 3300

These targets line up with previous resistance and the breakdown area where price can rebalance.

Stop Loss

3115

If price loses this level cleanly, the setup fails. I’m out without hesitation.

How it’s possible

If buyers keep defending the 3150 area, price can rotate back into the prior range. The sell off already did its job by clearing liquidity. I’m trading the reaction after the flush, not the panic move.

I’m positioned for a recovery as long as structure holds.

Let’s go and Trade now $ETH