$ETH just triggered a sharp liquidity sweep and is stabilizing near a key reaction zone. This is a panic-first, decision-later move — smart money waits for confirmation.
Key Levels:
Upside (on confirmation): 3,180–3,220 → first relief resistance, 3,300–3,350 → structure flip, 3,450+ → trend recovery if volume supports
Downside (if weakness continues): 3,020–3,000 → immediate demand, 2,900–2,850 → high liquidity, 2,750 → last major support
Market Logic:
Structure remains bearish with lower highs
This is a reaction bounce, not a full reversal
Real strength only above 3.3k with strong volume
No FOMO, no blind longs — let ETH show its hand, and watch the levels guide the next big move.
BTC rejected hard from the upper zone and broke structure on the lower timeframe. Price is below key EMAs, momentum is weak, and every bounce is getting sold — this consolidation looks like continuation, not strength.