Assessing #ETH on June 30: ETH is calling a trap at the bottom—don’t go long too early
ETH is currently around 1,591. The big picture is still “accumulation markdown”—it’s building at the bottom, and no reversal has been confirmed yet. In the next 24 hours, the preferred view for how ETH typically behaves is: dip lower first, sweep liquidity below 1,560–1,547, then decide whether to pull back up or truly break the bottom.
Reason: ETH just bounced from the 1,638 area but couldn’t hold. That means a minor breakout failed—the long positions chasing are getting stuck. When price returns to the middle of the range 1,585–1,605, ETH usually doesn’t push straight up right away; instead, it pulls down toward the long positions’ stop-loss first. The “wick” zone to watch is 1,560–1,547; deeper is 1,512–1,500.
ETH is likely to range around 1,585–1,605, then see a downward push to 1,560–1,547. If here you get a lower wick sweep but M15/M30 closes back above 1,585–1,590, that’s a sign of a short trap / Spring Test. In that case, ETH could rebound to 1,605–1,638–1,660. Conversely, if H1 closes below 1,547 and the retest of 1,560 fails, the rebound scenario is invalidated and price is more likely to drop to 1,512–1,500.
ETH is in a zone where a Wyckoff Accumulation Phase C could form. If it holds 1,500–1,547, then later reclaims 1,660, ETH has a chance to enter Phase D, targeting 1,727–1,867–2,092. But if 1,500 is lost, the entire accumulation setup fails, and price goes back to markdown around 1,420–1,306.
Brothers, don’t long right at 1,591. Wait for the sweep down to 1,560–1,547, then observe the reaction.
entry: 1,552–1,560
Conditions: wicks sweep below, then M15/M30 closes back above 1,585 or reclaims 1,605
SL 1,535
TP1: 1,605
TP2: 1,638
TP3: 1,660–1,727
Invalidation: H1 closes below 1,547 and the retest fails
ETH is currently around 1,591. The big picture is still “accumulation markdown”—it’s building at the bottom, and no reversal has been confirmed yet. In the next 24 hours, the preferred view for how ETH typically behaves is: dip lower first, sweep liquidity below 1,560–1,547, then decide whether to pull back up or truly break the bottom.
Reason: ETH just bounced from the 1,638 area but couldn’t hold. That means a minor breakout failed—the long positions chasing are getting stuck. When price returns to the middle of the range 1,585–1,605, ETH usually doesn’t push straight up right away; instead, it pulls down toward the long positions’ stop-loss first. The “wick” zone to watch is 1,560–1,547; deeper is 1,512–1,500.
ETH is likely to range around 1,585–1,605, then see a downward push to 1,560–1,547. If here you get a lower wick sweep but M15/M30 closes back above 1,585–1,590, that’s a sign of a short trap / Spring Test. In that case, ETH could rebound to 1,605–1,638–1,660. Conversely, if H1 closes below 1,547 and the retest of 1,560 fails, the rebound scenario is invalidated and price is more likely to drop to 1,512–1,500.
ETH is in a zone where a Wyckoff Accumulation Phase C could form. If it holds 1,500–1,547, then later reclaims 1,660, ETH has a chance to enter Phase D, targeting 1,727–1,867–2,092. But if 1,500 is lost, the entire accumulation setup fails, and price goes back to markdown around 1,420–1,306.
Brothers, don’t long right at 1,591. Wait for the sweep down to 1,560–1,547, then observe the reaction.
entry: 1,552–1,560
Conditions: wicks sweep below, then M15/M30 closes back above 1,585 or reclaims 1,605
SL 1,535
TP1: 1,605
TP2: 1,638
TP3: 1,660–1,727
Invalidation: H1 closes below 1,547 and the retest fails
