Is Ethereum Setting Up for a Major Reversal or Another Breakdown?
$ETH continues to trade inside a clear daily downtrend, but the chart is quietly building two major levels that could define the next directional move.
Bearish Setup, Sell the Rally?
A key daily supply zone at $3,250–$3,350 remains untested.
This is the origin of the last aggressive sell-off, and liquidity is stacked above recent highs.
If it rallies into this premium zone, it may deliver a textbook short opportunity.
Bullish Setup, Buy the Sweep?
Major liquidity sits beneath the current range, especially around $2,600–$2,700, where an unmitigated daily demand zone waits.
A sweep into this level could trigger a strong bullish rebound if displacement follows.
Decision Point:
ETH is compressing between supply and demand, traders are watching which side gets hit first.
