Recap & Validation: In our earlier analysis, we warned of a potential downward move before today's market close. This scenario has now played out as anticipated, with a sharp move triggering significant liquidations across the market.

The Current Liquidation Landscape: The recent move has effectively swept the majority of immediate liquidation clusters below the current price. As the second screenshot illustrates, the "liquidation heat" beneath us has cooled considerably. This often creates a temporary vacuum

Shifting the Timeframe: Where is the Liquidity? To identify the next major battleground, we zoom out to a higher timeframe. The picture becomes clear: substantial liquidity pools are now concentrated above current levels, notably around $3,300 and $3,461

Forward Thesis:

The "Scam Pump" Scenario

The convergence of cleared lows and overhead liquidity sets up a classic market trap. Here is our actionable scenario: Consolidation & Misdirection: We expect Ethereum to hold around current levels and close the daily candle here.

This price action will convince many that the bearish momentum is intact, prompting a wave of new short positions.

a "scam pump." A move upward toward the noted liquidity pools at $3,300 would systematically liquidate this fresh cohort of shorts, fueling the rally further.

ByteBullResearch Take: The conditions for a counter-trend move are aligning. While the broader trend will be confirmed by price action, traders should be wary of the crowded short trap. We are monitoring price reaction at these critical liquidity levels for confirmation.

Key Levels to Watch:

Immediate Support: Current zone (~$3,100-3,150)

Target Resistance (Liquidity Pools): $3,300, then $3,461

Disclaimer: This is market analysis, not financial advice. Always conduct your own research and manage risk accordingly.