$ETH The market is doing what it does best — making the majority look foolish. ⚠️
A few weeks ago, the same people were calling for $3,000+
#ETH . Now after a sharp dump into support, they're screaming "$1,000 incoming".
Right now, Ethereum has lost the $1,825 support zone, triggering fear across the market and forcing weak hands to capitulate. This is exactly how liquidity gets harvested before the next major move.
The chart looks ugly — no denying it.
✅ RSI is deeply oversold. ✅ Price is trading below the Supertrend. ✅ Sentiment is turning extremely bearish.
And that's usually when the market becomes most dangerous... for late sellers. 👀
The area between $1,700-$1,750 is a major liquidity zone.
A quick sweep below this region toward $1,650-$1,500 would not be surprising at all. In fact, it would be the perfect move to trap bears, trigger stop losses, and create maximum fear. ⚠️
Meanwhile, on-chain data tells a different story:
📉 Exchange ETH supply continues to decline. 🔒 Staking reaches new highs. 📊 Network activity remains strong.
While retail is panicking, long-term holders appear to be accumulating.
That's a classic divergence between price action and underlying demand. 🚀
For bulls, the roadmap is simple:
🔹 Reclaim $1,825 🔹 Break above $2,022 (Supertrend resistance) 🔹 Target $2,070 🔹 Then attack $2,360
If momentum returns, the move could become violent because so many traders are currently positioned for further downside.
My prediction: ETH may still sweep lower liquidity first, but I believe this panic phase is closer to the end than the beginning. Once $2,022 is reclaimed, a powerful short squeeze toward $2,360+ could shock the entire market. 🚀⚡