🚀 Ethereum Price Update: $4,100 Liquidity Sweep — What’s Next?
$ETH Ethereum just reacted perfectly to the $4,100 Fibonacci support zone, sweeping liquidity before bouncing. The big question: is this the start of a rally or just a corrective move? Let’s break it down 👇
🔑 Key Support Levels
$4,100 → Major liquidity cluster, now acting as support
$3,665 → Next Fibonacci support
$3,374 → Must hold to maintain bullish structure
📊 Short-Term Price Action
Liquidity swept at $4,100
Bounce toward 23.6% Fib retracement
ETH remains correlated with Bitcoin (which also tapped its 23.6% Fib)
Structure still bearish (lower lows + lower highs), but a potential B-wave bounce is forming
🔍 Elliott Wave View
Drop to $4,100 = A-wave (leading diagonal / WXY structure)
ETH may now be in a B-wave bounce (can overshoot resistance before a C-wave pullback)
A strong B-wave increases the probability that $4,100 holds as the correction floor
⚔️ Resistance Levels to Watch
$4,331
$4,416
$4,500 → Breakout here could invalidate the correction and open the door for a new cycle high 🚀
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👉 Do you think Ethereum is gearing up for a bigger rally, or is this just a dead cat bounce?
