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Based on ETH, it can be seen that after the rise, the price reached the upper resistance area and immediately received a seller reaction. The upward impulse was strong, BOS is present, but now the price couldn’t calmly consolidate above it and has shifted into a pause right under pressure.
The key area now is 2360–2370. If ETH holds near here and doesn’t fall back below the nearest range, the buyer may try again to push higher toward the upper red zone.
If the price starts slipping lower to 2330–2320, then the current move will look like removing liquidity from the top, and the market may return to the blue support zone.
So far, the picture is more bullish, but not entirely clean: after such a sweep, it’s necessary to watch whether the price will hold under resistance.
$ETH
$GT