Ethereum (ETH): 14% of Liquidity Hunting Move / Price Bounced
2024-12-10
Category: None

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 