🚨 $ETH : $2,360 OR $2,440 FIRST? LIQUIDITY IS BUILDING

AMAGE MARKET INTELLIGENCE | OCT 23, 2026

Ethereum trades near $2,412, approaching a critical resistance and liquidation zone.

🔍 MARKET STRUCTURE

🔹 1W: Recovery potential remains, but ETH is below weekly EMA7.

🔹 1D: Price below EMA7 ($2,427) and EMA25 ($2,492).

🔹 4H: Sellers remain in control below EMA25 ($2,424) and EMA99 ($2,475).

🔹 1H/15M: Momentum is improving, but a confirmed bullish reversal is still missing.

🔥 COINGLASS LIQUIDITY MAP

🟢 $2,425 to $2,440: Strong overhead liquidation cluster.

🟢 $2,450 to $2,465: Next upper liquidity concentration.

🔴 $2,355 to $2,370: Significant lower liquidity.

🔴 $2,310 to $2,335: Deeper downside cluster.

The nearest upper liquidity zone overlaps with key technical resistance, making $2,425 to $2,440 the main decision area.

⚡ SCENARIO 1: SWEEP AND REJECTION

ETH tests $2,440 but fails to establish support above it. A bearish 15M/1H structure shift could trigger a pullback.

🎯 Targets: $2,390 / $2,360 / $2,320

📈 SCENARIO 2: BULLISH BREAKOUT

A confirmed 1H breakout above $2,440 and a successful retest could open the path toward:

🎯 $2,460 / $2,490 / $2,505

A 4H reclaim above $2,475 to $2,490 would strengthen the bullish case.

📉 SCENARIO 3: LOWER LIQUIDITY FIRST

If ETH loses $2,390, the market may revisit $2,360.

A liquidity sweep followed by a rapid reclaim could create a stronger LONG opportunity.

🧠 AMAGE VIEW

Short-term momentum is improving, but higher timeframes remain under pressure.

$2,440 is the key decision zone.

Liquidation clusters highlight potential targets, not guaranteed price movements.

We follow confirmation, not assumptions.

AMAGE | Research. Structure. Liquidity. Execution.

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