Ethereum is showing some interesting behavior. After strong volatility, it’s now consolidating near local support.
I’m noticing multiple fair value gaps above and below, which means the market still has unfinished moves to complete.
The overall market structure looks bearish, but if ETH holds its support and reclaims the nearby fair value gap, we may see a push toward higher timeframe imbalances. That would suggest buyers are gaining control, and a short-term bullish move could happen.
If price fails to hold this area, ETH might continue downward toward the next fair value gap. This would finish the downside move and test lower support zones.
It feels like ETH is at a critical junction. Traders should keep an eye on the support and liquidity zones to see which direction momentum favors.
ETHUSDT
Perp
2,961.4
+1.07%