๐ฅ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐ง๐ฒ๐๐๐ $3,700 ๐ช๐ฎ๐น๐น: ๐ช๐ต๐ฎ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ก๐ฒ๐ฒ๐ฑ ๐๐ผ ๐ช๐ฎ๐๐ฐ๐ต ๐ก๐ฒ๐ ๐
Ethereum (ETH) is trading around $3,558.53, pulling back after hitting $3,728. While shorts pile in near $3,700, liquidity and price patterns hint ETH may still have fuel to go higher โ but caution is key.
โ Where ETH Stands Now
Current price: $3,558.53, down about 2% in the past 24h.
Earlier high: ~$3,728 before a quick rejection.
Market cap: ~$431B.
24h volume dropped 14% to $48B โ showing lighter participation as price dipped.
Despite the drop, ETH stays above key support zones from earlier moves up (around $3,500 & $3,442).
๐ Liquidity Map:
Large liquidity (lots of orders waiting) sits around $3,680โ$3,730 โ making this the main โresistance wall.โ
Above $3,730, liquidity thins until ~$3,871 โ if ETH breaks $3,730, price could jump quickly to test $3,800โ$3,871.
Below $3,442, buy orders fade โ price could drop fast if sellers take control.
Traders are watching if ETH keeps retesting $3,680โ$3,730; a breakout here could open the path to $3,800+.
๐ What the Wyckoff Pattern Means
ETHโs recent action fits the Wyckoff reaccumulation phase:
ETH dropped into a โcreekโ (downtrend).
Formed a โspringโ around $2,000 (the bottom).
Climbed back & now โjumped across the creekโ above $3,500.
In Wyckoff terms, this means ETH may be building strength for another leg higher โ possibly to retest the $4,000 area.
โ๏ธ For Traders: What to Watch Next
โ Key resistance: $3,680โ$3,730 liquidity zone.
โ If ETH breaks & holds above โ possible run toward $3,800โ$3,871.
โ Support to hold: $3,500โ$3,442. A drop below could signal weakness.
โ Watch market volume & short positions: if shorts get squeezed, ETH could jump fast.