Marina Lyubimova
⬤ Ethereum has stabilized after a sharp drop, bouncing back from a deep liquidity sweep on lower timeframes. The hourly chart shows ETH fell aggressively before reversing and settling below the $2,900 mark. The depth of this sweep and the strength of the rebound have put Ethereum in a slightly better technical spot than Bitcoin right now.
⬤ Most of the downside liquidity has already been cleared out, with price recovering and holding above the weekly low at $2,786. Since bouncing, ETH has shown some relative strength by staying at higher levels instead of immediately testing the lows again. The weekly high sits around $2,934, while broader resistance above $3,060 continues to keep a lid on upside moves for now.
The depth of the sweep and the subsequent rebound have left Ethereum in a less bearish technical position compared with Bitcoin.
⬤ Attention has now turned to how Ethereum handles nearby liquidity and imbalance zones. There's an imbalance area around $2,830 that could act as a downside target if weakness returns. On the flip side, ETH might push higher to sweep weekly or daily highs before any potential downside continuation. This setup is more about liquidity dynamics than a clear trending direction.
⬤ Ethereum's price action matters because it often signals broader risk conditions in crypto beyond just Bitcoin. ETH holding up after a deeper liquidity sweep shows there are real differences in short-term structure among major digital assets. How price behaves around these key levels will likely shape near-term volatility and sentiment as traders figure out whether consolidation continues or a fresh directional move kicks in.
Marina Lyubimova
