$ETH reached the third target zone as price touched $2,170.
The indicator is now printing an oversold blue candle, but that alone does not confirm a reversal. Oversold conditions can persist while selling pressure remains strong.
The long liquidation cluster at $2,200 has already been cleared. Another sits near $2,119, just below the target zone, leaving a potential area to watch if the decline continues.
The third target is hit. Now the focus shifts to whether buyers can stabilize price or sellers push toward the next liquidity cluster.
#Ethereum #ETH #CryptoAnalysis #Liquidation #CMC
The indicator is now printing an oversold blue candle, but that alone does not confirm a reversal. Oversold conditions can persist while selling pressure remains strong.
The long liquidation cluster at $2,200 has already been cleared. Another sits near $2,119, just below the target zone, leaving a potential area to watch if the decline continues.
The third target is hit. Now the focus shifts to whether buyers can stabilize price or sellers push toward the next liquidity cluster.
#Ethereum #ETH #CryptoAnalysis #Liquidation #CMC
