#ETHMarketWatch Yesterday I clearly said 2900 wouldn’t hold, and price moved exactly according to that plan. Let’s break down this classic move of liquidity sweep followed by a reversal.
How many traders got shaken out around 2890 last night? 😏
The day before, I already mentioned in the chat that below 2900 there was a matching low, and big players wouldn’t push price higher without first clearing that liquidity. Before the U.S. session opened, I reminded everyone to stay alert.
📉 Move Breakdown:
As soon as the market opened, price was pushed straight down to 2890, perfectly triggering stop-losses from longs placed near 2900. Panic spread quickly. I told everyone clearly: “Stay calm — this drop is a setup.”
Once the stops were cleared, price reversed sharply and surged all the way to 3020 🚀
💰 Exit Strategy:
There was no divergence on the 5-minute pullback. I trimmed half near 2990, then noticed weakness around 2963 and closed the rest. This entire move was smooth and stress-free.
⚠️ What’s Next (Key Notes):
Even though ETH printed a second buy signal on the 30-minute chart, a sharp upper wick formed around 4 AM, showing that selling pressure hasn’t disappeared.
Plan:
Wait for the 30-minute structure to fully develop. If another similar second-buy setup appears, we can consider entries. Sunday often brings surprises — over the past three months, around 90% of Sundays have closed bullish. Will history repeat?
We’ll watch the 5-minute structure and participate lightly with 1× leverage.
1.24 | ETH Market Structure Analysis
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