📉 $ETH / USDT — Market Update

ETH swept liquidity above ~2,150 but quickly failed to hold, triggering a sharp drop into the 1,900s. This appears to be a distribution move resolving lower, not random volatility.

Price is now reacting off 1,900–1,920, providing short-term demand support, but structure remains below prior range lows.

Key Points:

• Until ETH reclaims and holds ~2,020–2,050, this is just a corrective bounce within a broader bearish structure.

• Downside liquidity has been partially filled but not fully defended.

• Failure to establish acceptance above 2,000 keeps risk skewed to the downside.

• A reclaim of 2,050 would be the first sign of structural repair.

No need to rush — let price prove its strength before committing.

ETHUSDT

Perp

1,916.18

-1.80%