Ethereum (ETH): 14% of Liquidity Hunting Move / Price Bounced
Ethereum has had a 14% drop from current local top zones where price re-tested the supportive zone (which has aligned with 100EMA).
After that liquidity move, we see some signs of recovery, which might turn into a possible break of the local top and further move to the upper zones.
The other case is that we think that 14% drop was just a quick warmup before proper correction, which would result in a move to $2,800 so our attentions currently are at that 100EMA on a 4-hour timeframe and that local top!
Swallow Team
After that liquidity move, we see some signs of recovery, which might turn into a possible break of the local top and further move to the upper zones.
The other case is that we think that 14% drop was just a quick warmup before proper correction, which would result in a move to $2,800 so our attentions currently are at that 100EMA on a 4-hour timeframe and that local top!
Swallow Team
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