🚨 ETH LASTEST ANALYSIS 🔥 HERES WHAT WILL HAPPEN SUPPORT RESISTANCE LEVELS
‼️ DONT MISS ‼️
$ETH is pushing higher with a strong likelihood of rejection soon.
ETH has just suffered a massive crash, dropping from the $3,000 range down to a local low near $2,195. We are currently in a high volatility "dead cat bounce" phase.
🔹️ POC / local high + overextension increases the chances of a pullback in the 2400 - 2450 range.
A rejection in the $2,400 - $2,450 range. The market currently has over $1 billion in short liquidations sitting just above $2,477. Market makers love to hunt that liquidity. Expect a quick, violent wick up to ~2500 to clear those shorts, followed by a swift rejection.
🔹️Backend data suggests we either bounce off Open Interest range support at ~ 2330 Or push towards 7d liquidation pocket at 2500.
If the bounce fails to gain volume, we likely slide back to test the $2,245 long liquidation zone. If $2,330 doesn't hold as Open Interest support, the next stop isn't just $2,300 it’s a full retest of the $2,100 - $2,150 major support band.
🔹️Long Trigger: Potential pivot off 0.5 fib at ~2300 + increased volume.
the 0.5 Fib (~2300) is the pivot. If we consolidate there without a lower low, the bulls might have a case. But until we reclaim $2,500 on high volume, the bears remain in the driver's seat.
Short Trigger: Continuation higher into resistance range without retracement showing decreased volume.