Technical Analysis:
Market Structure
Clear sell side liquidity sweep at 2,157.
Bounce followed, but price formed a lower high at 2,396.
Structure is corrective, not a confirmed trend reversal.
No higher high above prior resistance → structure remains range bound.
Key Support & Resistance
Key resistance: 2,380 – 2,400
→ Rejection zone + local high at 2,396.
Mid-range: 2,330 – 2,360
→ Current trading area, no edge.
Key support: 2,250 – 2,260
→ Prior consolidation + MA interaction.
Major support: 2,150 – 2,170
→ Sell-side liquidity sweep low.
Liquidity & Stop Hunts
Sell-side liquidity already taken below 2,160.
Buy side liquidity above 2,400 not yet taken.
Price is currently between liquidity pools.
Volume Behavior
Expansion on the drop into 2,157.
Bounce occurred on declining volume.
No volume expansion near resistance → no breakout confirmation.
Momentum / RSI (visual)
Momentum recovered from oversold.
Currently flattening, no continuation signal.
Trend Bias
Neutral / range-bound on 1H.
Still below the 99 MA (~2,510).
Decision:
❌ NO TRADE
Reason for NO TRADE
Price is in the middle of the range.
No breakout above 2,400.
No breakdown below 2,250.
Risk reward is unfavorable without a range edge or confirmation.
What would make a trade valid?
LONG only if:
Clean 1H close above 2,400, followed by a successful retest.
SHORT only if:
Breakdown and acceptance below 2,250, targeting 2,170 liquidity.
Until one of those conditions occurs, $ETH is a wait and react market, not a signal market.
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