ETH Price Action Signals Potential Upside Move
ETH's recent price action shows a classic buy-side liquidity sweep, where big players grab liquidity before reversing direction. After a swift sell-off, ETH is consolidating in a key demand zone, suggesting a potential accumulation phase for a short-term bullish move.
Key Analysis:
Liquidity Sweep: The price has already surged past recent highs.
Demand Zone: ETH is holding strong in a critical demand area.
Target: A move towards $4,497 is possible, driven by an imbalance from the recent sell-off.
The setup looks promising, with a clear long opportunity. Watch for a bounce from the demand zone with a stop-loss at $4,268 and a target of $4,497 or higher.