2025-06-16 10:11:10

Good day!

🪙I previously mentioned that 2400 is a key level for ETH, and holding it would lead to growth. However, after observing the market for a couple of days, I changed my mind.

After the extreme sales volume, we are observing a weak response from buyers on lower volumes. It seems somewhat unserious.

Moreover, there is a large sideways movement. There has already been a liquidity removal from the top. After which a reaction followed.

The liquidity at the bottom seems to be intentionally not removed and is accumulating more stop losses from the crowd. Since many think that this level is being held, it means it is reliable.

But the market really likes to move for such liquidity.

It makes complete sense to see a decline to 2200. To see some record number of liquidations on ETH in the news and then after that go to 3 thousand.
The fewer passengers there are, the easier it is to grow.

ETH-1.42%

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