From TradingView · · 30s
Ethereum Price Push to 2,643 or 2,440?
Ethereum price could jump to 2,643 or drop to 2,440 this week.
In brief
Ethereum price could jump to 2,643 or drop to 2,440 this week. Ethereum price may rise to 2,643 or fall to 2,440 based on liquidity sweep. Originally reported by TradingView.
Ethereum price action
Ethereum price is testing 2,524-2,540 after a sharp drop from the descending trendline.
“Ethereum got flushed, cooled off and is now trying to plant its feet back above the breakdown zone”
Liquidity sweep scenario
Most liquidity sits above 2,643.26 with a 7.9% drop in open interest to $5.84B.
“Perp funding is slightly negative at -0.0035% per 8h”
Price targets
Hold above 2,540 for 2,643.26 target or drop to 2,440 if stops are hit.
“Long bias stays on while price holds above 2,374.32”
What it means
Ethereum price may rise to 2,643 or fall to 2,440 based on liquidity sweep.
