$ETH Response according to the ETH chart ✍ 🔥🔥
The main mistake is the incorrect direction of the scenario. There, after testing the OB resistance, the price immediately drops to the 2,218 zone, but according to the current structure, this conclusion is too premature. The price has already broken out of the downtrend channel, has consolidated above its upper limit, and is now testing the BRK zone in the 2,310–2,330 range. 🔥 In other words, the market shows no weakness but is trying to hold above the broken structure.
The second mistake is ignoring the upper liquidity. ⚡️ There is an obvious target above the price in the 2,463.86 range, and as long as the price remains above the 2,300–2,310 zone, it makes more sense to consider a continuation upward precisely towards there. Shorting directly at the resistance test zone without a breakout confirmation is simply an attempt to go against the current market reaction.
The correct scenario for us is to hold the 2,310–2,330 zone, a BRK reaction, and a subsequent upward move. 📊 The nearest target is the 2,400 range, and the main target is the liquidity pullback in the 2,463–2,464 zone. The cancellation of this scenario will only occur if there is a solid return below 2,300 and a consolidation below the broken channel boundary.
The error was not in the zone itself, but in the interpretation of the reaction. 💬 The correct option is to first work the resistance test and move toward the upper liquidity.
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