I’m seeing another liquidity grab after a failed push higher. Price ran into 3,060, trapped late longs, then flushed hard into the 2,970 zone. Sellers couldn’t hold it down and the bounce came fast. That tells me this move was cleanup, not weakness.

Market view

The higher structure is still intact. The drop was sharp and emotional, followed by immediate buying. I’m seeing strong reactions from the lows and tighter candles forming, which usually signals stabilization before continuation.

Entry Point

2,985 to 3,010

Target Point

TP1 3,045

TP2 3,100

TP3 3,180

Stop Loss

Below 2,960

How it’s possible

Liquidity was taken above the high and below the intraday low in one sequence. Weak hands exited on both sides. I’m seeing demand absorb selling pressure and price hold the reclaimed range. If this base stays protected, continuation toward higher levels remains valid.

Let’s go and Trade now $ETH

ETHUSDT

Perp

3,031.6

+0.87%