Ethereum has been under heavy selling pressure for weeks and is now trading inside a major higher-timeframe demand zone that previously attracted significant buying interest. Price is also approaching a long-term ascending trendline that has held multiple times since 2022, making this one of the most important areas on the chart right now.
This region aligns with historical accumulation, major liquidity, and high-volume activity. If ETH is going to form a meaningful recovery, this is the type of area where it would typically begin rather than at higher prices.
That said, sellers still remain in control. Momentum continues to weaken and downside pressure has not fully faded, meaning a reversal should not be assumed. The strongest bullish signal would be a liquidity sweep followed by a reclaim of key levels, strong displacement to the upside, and confirmation that buyers are stepping back into the market.
For now, all eyes are on this demand zone. The reaction here could play a major role in determining Ethereum’s next major move.
$ETH #ETH #ETHUSDT
This region aligns with historical accumulation, major liquidity, and high-volume activity. If ETH is going to form a meaningful recovery, this is the type of area where it would typically begin rather than at higher prices.
That said, sellers still remain in control. Momentum continues to weaken and downside pressure has not fully faded, meaning a reversal should not be assumed. The strongest bullish signal would be a liquidity sweep followed by a reclaim of key levels, strong displacement to the upside, and confirmation that buyers are stepping back into the market.
For now, all eyes are on this demand zone. The reaction here could play a major role in determining Ethereum’s next major move.
$ETH #ETH #ETHUSDT