The start of the week looks nasty; a strong liquidity sweep happened on the markets and $ETH fell from $1950 to $1850.
That being said, we are not yet quite bearish, nor are we bullish. For us to switch to a bearish game plan, we would need to see a proper breakdown from the liquidity zone.
Meanwhile, due to the bloody start of the week, there is a high likelihood that this will turn just into a liquidity sweep and we will recover from here, which then would result in a steep move to upper zones.
So we wait; we wait out until the end of the Monday to see and get more clarity, but those are the zones we are looking at! #ETHPriceAnalysis
