📉 Ethereum review 📈

The bullish bounce didn’t happen — $ETH dropped all the way to the bottom of the rising channel, sweeping liquidity below $2,475

At this point, I think no one doubts the validity of this channel — both boundaries have been tested four times, making it visible to anyone who's not blind. As long as the price stays within the channel, it remains valid. However, as seen on the 8H chart, there are still no clear signs of a reversal, so we may expect some development, with the next candle likely to revisit the $2,475 area.

The short-term bullish target is the Daily 20-SMA around $2,592, which aligns with a double FVG. Beyond that, things get less predictable — we could either break above the Daily MA and hold, or get rejected and drop to sweep liquidity below $2,379 / $2,346

🎯 Key Levels to Watch:

• Above: 2592 / 2680 / 2789 / 2861

• Below: 2475 / 2380 / 2283 / 2237

🔥 #Ethereum Liquidation Heatmap:

• Above: 2545 / 2563 / 2613 / 2650

• Below: 2489 / 2470 / 2445 / 2411