From TradingView · · 40s
ETH: Sweeping Shorts Before Final Flush
Ethereum price drops as short sellers exit ahead of Fed speech.
In brief
Ethereum price drops as short sellers exit ahead of Fed speech. Ethereum price falls after short sellers exit as macro conditions favor deeper market correction before potential rebound. Originally reported by TradingView.
ETH liquidity trap
Ethereum price drops as short sellers exit ahead of Fed speech.
Macro environment
US PPI crushed estimates, 10-year yields above 5%, and oil elevated due to geopolitical tension.
Fed speech impact
Fed Chair Warsh speech at 05:30 EST (09:30 UTC) expected to trigger high-probability volatility.
Liquidity engineering
Thursday's dump into 2318 zone cleared sell-side liquidity below Tuesday and Wednesday lows.
The takeaway
Ethereum price falls after short sellers exit as macro conditions favor deeper market correction before potential rebound.
