Hello, everyone!

Let's analyze Ethereum price chart using the liquidity approach. On the current flat there are a lot of liquidity of short traders. This is why there are too many local highs where short traders could have their stop losses.

Chart 1. ETH price.

Therefore I expect the short squeeze at least above the range. But in this case it's also logically to see the pump much higher to fill the imbalance at $1630.

Best regards, Ivan

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