Ethereum recently executed a aggressive Sell-Side Liquidity (SSL) sweep, dropping right into a key demand zone to mitigate a Bullish Order Block (OB) before bouncing back up into structure.
Here is the step-by-step breakdown using SMC principles:
📌 The Game Plan & Technical Breakdown
1. Liquidity Sweep & OB Mitigation:
Price swept the Sell-Side Liquidity (SSL) below recent lows, dipping into the $2,425 – $2,435 Bullish Order Block. The immediate reaction from this zone confirms institutional demand and OB mitigation.
2. Minor Support Flip:
Following the bounce off the OB, ETH pushed above the $2,461 level, turning local resistance into Minor Support.
3. Long Execution Setup:
A minor pullback or retest toward the $2,461 support provides a high-probability long setup, targeting the resting buy-side liquidity and unmitigated bearish Order Blocks above.
🎯 Key Targets & Parameters
Entry Zone: $2,460 – $2,475 (Minor Support Retest)
Invalidation / Stop Loss: $2,448 (Below Minor Support)
Take Profit Target 1: $2,520 (First Bearish OB Zone)
Take Profit Target 2: $2,530+ (High-Timeframe Liquidity / OB Target)
Are you expecting Ethereum to retest $2,461 for a clean entry, or do you think bulls push straight to $2,530? Let me know your thoughts in the comments! 👇
⚠️ Disclaimer: Strictly for educational and analytical purposes. Always manage your risk properly!
