$ETH

It seems like you’re refining your technical analysis for Ethereum (ETH) with a focus on the potential price action in the coming hours. Here's an updated version that keeps the core ideas intact but presents them with a bit more clarity:



Ethereum (ETH) — Potential Supply Test & Bearish Setup


Ethereum traders are currently on high alert as ETH approaches a critical supply order block (OB) in the $4,755–4,760 range. This follows a recent Break of Structure (BOS) and Market Structure Shift (MSS), signaling a potential reversal. Technical strategist CoreliquidityLab suggests this could be a textbook liquidity grab, potentially leading to a sharp downturn if the OB holds.


Tactical Breakdown:




  • Supply Order Block (OB): $4,755–4,760

    Price action is nearing this major resistance zone, which has the potential to act as a strong liquidity sweep area. Watch for a possible rejection here, especially after the recent market shift.



  • Demand Zone: $4,300

    If the bearish scenario plays out, this will be the first significant support level to monitor. A drop toward this level could set up a swift move lower, potentially triggering a wave of selling pressure.



  • Trade Plan:



    • Short Setup: Await confirmation of price rejection or failure to break above the OB zone.


    • Target: Previous swing low as the first downside objective.


    • Risk Management: As volatility is expected, a controlled approach to risk is essential. Be prepared for swift moves but avoid chasing the market without confirmation.


Key Considerations:



  • Volatility: With ETH’s ongoing institutional demand and a historical supply shortage, traders should remain cautious about sudden moves. This setup suggests a controlled bearish move, but short-term volatility is likely.


  • Smart Money: The liquidity grab could spark significant reactions, with institutional players and market makers likely positioning for both short-term profit and long-term opportunities.


Patience & Precision: This is a classic case where timing and precision will be key to capitalizing on a potential short trade. A breakout above the OB could invalidate the bearish case, while rejection inside the zone could lead to a fast-moving downside.



This updated analysis tightens up the plan and emphasizes a strategic approach, ensuring you're well-prepared to manage the volatility without overexposing yourself to risk. Does this revised version capture the nuance of what you're aiming for?