🚨 ETH SWEPT THE LOWS — BUT THE BREAKOUT IS NOT CONFIRMED YET.

The latest confirmed $ETH H1 candle closed at $2,703.33 after wicking into $2,719.91. Volume reached 1.83× the previous 20-hour average, showing real participation — but price still failed to secure clean acceptance above resistance.

Wyckoff view:

• $2,633.70 is a tentative selling-climax reference, not a confirmed SC.
• The undercut to $2,626.01 swept that low and recovered, consistent with a possible Spring/ST sequence.
• The push into $2,705.98–$2,719.91 looks like an SOS attempt, but confirmation is still missing.

SMC view:

• Sell-side liquidity was swept at $2,626.01.
• Price reclaimed the local $2,697.83 structure reference.
• The next decision zone is $2,706–$2,720.
• Supply remains at $2,738.72–$2,764.09.

🟡 BIAS: WAIT / CONDITIONAL BULLISH

I am not chasing the current candle.

Entry zone: $2,674–$2,685
Condition: bullish H1 reaction from the zone, followed by a reclaim of $2,697.83
SL: $2,657
TP1: $2,719.91
TP2: $2,738.72
TP3: $2,764.09

An H1 close below $2,657 invalidates the setup. A close below $2,626.01 invalidates the broader bullish thesis.

👀 Is this the beginning of an ETH expansion — or another liquidity trap below resistance?

Paper analysis only. Not financial advice.
$ETH