- We just saw a dip that took out sell-side liquidity and tapped into the OB and FVG gap, setting the stage for a potential jump from here. This action is critical as it indicates that buyers might step in, but it's essential to tread carefully.
If the price slips further, keep your eyes on the $2,500 support level; that’s where the real battle will take place in the demand zone below This zone is vital for bulls to defend if they want to maintain any hope of a bullish reversal
Currently the bearish momentum is evident, and the market sentiment feels shaky. The ability of Ethereum to hold this support will determine the next move. If we see buyers stepping up in this area, it could trigger a strong bounce. However, if the selling pressure prevails and we break below that $2,500 mark, we may face a deeper retrace and more challenges ahead.
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