$ETH
Long liquidations near $1988.34 highlight forced exits during a downside sweep, suggesting liquidity grab behavior rather than full trend reversal. Price is hovering near a psychological support region where reactions historically occur.
Market structure shows broader range trading, but short-term bias remains slightly bearish until resistance reclaim. Momentum is neutral-to-weak, indicating a potential continuation move before any larger recovery.
EP: $1980 – $2005
TP1: $1925
TP2: $1860
TP3: $1795
SL: $2055
Trend currently leans bearish as price trades below reclaimed resistance turned supply. Momentum favors continuation lower due to weak bullish follow-through after liquidations. Targets align with untouched liquidity zones resting beneath current consolidation.
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