#Ethereum reached short term target at 3200 ✅ Now consolidates under Year VWAP and above month VWAP which is around 3100.

Rejection candle generated big volume, so we may assume area above that wick contain huge liquidity and amount stops. Break above should take price to 3250 at least and second target zone is around 3325-3400.

On the other side there was no sufficient volume on pullback, so new longs make sense only at bloody scenario, where $ETH should pull back at least below 3k and preferably to ~2930.

💡 #ETH ETF might be starting next week. By default that is a bullish narrative. So careful with shorts.