$ETH
Large long liquidations at $2140.19 confirm a downside liquidity flush, but the reaction afterward suggests absorption rather than continuation collapse. Price is approaching a historically reactive support zone where institutional demand often appears. Structure remains range-bound with potential for relief expansion.
EP: $2125 – $2155
TP1: $2230
TP2: $2315
TP3: $2420
SL: $2065
Higher timeframe trend remains structurally bullish despite short-term correction.
Momentum shows seller exhaustion after liquidation spikes, often preceding mean reversion moves.
Liquidity now sits above local highs, making an upward rotation toward resistance levels the more probable path.
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