Nice push on ETH towards Mondays high, couple of takeaways: 1. rotational between 4410 and 4485 2. acceptance above 4485 > 4635 3. break below 4410 > 4280
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In the short term, BTC’s futures long liquidity hasn’t been fully flushed out yet. If you just look at the high-density liquidation zones, it seems like anything above 111,500 could be at risk... So for Friday, on the optimistic side, we might see another liquidity grab with a fresh wick to new lows. On the pessimistic side, it could just keep grinding down in this slow, choppy bleed.
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The $ETH pullback is pretty easy to understand—it’s a textbook case of volume-price divergence. Last week, we saw a spike in weekly trading volume, but price barely moved up. That means there was a lot of effort with little result, signaling strong demand, but new supply entered the market at this level—like people (myself included) taking partial profits at this stage.
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