$ETH Testing Major Demand โ Liquidity Sweep Setup? ๐
Ethereum is currently trading around the $2070 region while holding above a key demand zone near the $2000 level. On the daily timeframe, this area previously acted as a strong value zone where the market found support during the last consolidation phase.
On the 4H structure, price is consolidating just above the value area while liquidity is building below the $2000 level. When this happens, the market often performs a liquidity sweep below support before reversing. A dip toward the $1980โ$1950 region could trigger stop hunts before a potential bounce.
RSI is stabilizing around the mid-range while volume remains relatively steady during the consolidation phase. If buyers defend the demand zone after a liquidity sweep, ETH could attempt another move toward the $2200โ$2300 resistance region. ๐ฅ๐ธ
