Ethereum already had its shakeout.
Most traders sold into the fear.
For four months, ETH built a base between $1,745 and $2,500. Then June delivered the perfect liquidity sweep, dropping price to $1,520 and flushing out nearly everyone who accumulated inside that range.
Now price is back above $1,860, reclaiming the range. That's not the start of another breakdown—it's the early stage of expansion.
I still expect one more pullback toward the range low. If it happens, I'll view it as a retest, not a trend reversal.
If that holds, the next leg higher begins.
Most traders sold into the fear.
For four months, ETH built a base between $1,745 and $2,500. Then June delivered the perfect liquidity sweep, dropping price to $1,520 and flushing out nearly everyone who accumulated inside that range.
Now price is back above $1,860, reclaiming the range. That's not the start of another breakdown—it's the early stage of expansion.
I still expect one more pullback toward the range low. If it happens, I'll view it as a retest, not a trend reversal.
If that holds, the next leg higher begins.