The price of $ETH saw a sharp drop, reaching the main support line that had been holding the price for extended periods. Below this level, massive liquidity is concentrated around stop-loss areas—key zones that attract price.
📍 Watch Zone:
$2,444.00 - $2,458.00 (retest and liquidity snatching zone before continuing the downward move)
🎯 Expected Downside Targets:
Target 1: $2,427.12
Target 2: $2,416.38
Target 3: $2,403.56 (toward the demand zone and lower liquidity)
🚫 Invalidation of the Bearish Scenario:
A break above the $2,460.00 level and a firm closing over it negates the bearish reading and returns the price to positive.
📍 Watch Zone:
$2,444.00 - $2,458.00 (retest and liquidity snatching zone before continuing the downward move)
🎯 Expected Downside Targets:
Target 1: $2,427.12
Target 2: $2,416.38
Target 3: $2,403.56 (toward the demand zone and lower liquidity)
🚫 Invalidation of the Bearish Scenario:
A break above the $2,460.00 level and a firm closing over it negates the bearish reading and returns the price to positive.
