$ETH /USDT just showed a textbook liquidity trap above 2,415, followed by a heavy displacement to the downside. That spike wasn’t strength — it was engineered to grab stops before unloading into weakness.
Once 2,370 broke, price unraveled fast, printing a clean bearish leg into 2,300. Now we’re seeing a gradual push up, but the recovery lacks conviction — more like a controlled retrace than real demand stepping in.
Structure breakdown: Shift from bullish to bearish → now forming lower highs inside a corrective range. This bounce is likely mitigation into supply, not a trend reversal.
Trade Setup (Smart Money View):
Entry: 2,350 – 2,380 (supply / rejection zone)
Stop-loss: 2,420 (above liquidity + prior high)
Targets:
TG1: 2,300
TG2: 2,250
TG3: 2,180
As long as ETH trades below 2,400, upside remains limited and short bias stays valid.
Smart money doesn’t chase pumps — it positions where others feel safe. That’s where the edge is.
#GoldmanSachsFilesforBitcoinIncomeETF #KevinWarshDisclosedCryptoInvestments #GIGGLESuddenSpike
