ETH is consolidating around 4,600 after recovering from recent lows. Market structure shows equal highs above and untested liquidity zones below — setting up for a decisive move.
Bullish Scenario:
* Hold above 4,600 → push towards swing high & 1D high at 4,614–4,680.
* Breakout could target liquidity sweep near equal highs \~4,950.
Bearish Scenario:
* Failure at 4,600 zone → drop towards 4,480 (P1D Low).
* Deeper selloff could reach 4,300 OB and strong low at 4,216.
Key Levels:
* Resistance: 4,614 / 4,680 / 4,950
* Support: 4,480 / 4,300 / 4,216
💬 Do you think ETH sweeps highs first or dives for liquidity below