Ethereum is currently showing a Bearish Market Structure on the 30-minute timeframe after a decisive Break of Structure (BOS) below $2,228. However, price has now entered a major Demand Zone ($2,210 - $2,230) where it is currently hunting for liquidity.
The Bear Case: Price remains below the BOS line and the 200-EMA, keeping the primary trend downward. Heavy institutional selling and recent ETF outflows support this bearish pressure.
The Bull Case (Liquidity Sweep): The price is currently "sweeping" the weak lows near $2,212. If it rejects this level and closes back above $2,230, it confirms a Change of Character (CHoCH), signaling a potential reversal.
Sell Signal: If price fails to reclaim $2,228 and breaks below $2,205.
Buy Signal: If price closes a 30-minute candle above $2,230 after sweeping the lows.#
BitcoinETFsSee$131MNetInflows#SolanaTreasuryQ1SPSUp108 #NakamotoQ1Revenue500PercentGrowth #SpaceXEyesJune12NasdaqListing #VitalikMovesETHviaPrivacyPools #VitalikMovesETHviaPrivacyPools $ETH $BTC $BNB
The Bear Case: Price remains below the BOS line and the 200-EMA, keeping the primary trend downward. Heavy institutional selling and recent ETF outflows support this bearish pressure.
The Bull Case (Liquidity Sweep): The price is currently "sweeping" the weak lows near $2,212. If it rejects this level and closes back above $2,230, it confirms a Change of Character (CHoCH), signaling a potential reversal.
Sell Signal: If price fails to reclaim $2,228 and breaks below $2,205.
Buy Signal: If price closes a 30-minute candle above $2,230 after sweeping the lows.#
BitcoinETFsSee$131MNetInflows#SolanaTreasuryQ1SPSUp108 #NakamotoQ1Revenue500PercentGrowth #SpaceXEyesJune12NasdaqListing #VitalikMovesETHviaPrivacyPools #VitalikMovesETHviaPrivacyPools $ETH $BTC $BNB