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ETH's current 15-minute chart shows a typical "pin insertion, then shakeout and rebound" pattern.
From the liquidation heatmap:
The first resistance above is around 2120-2140, where the yellow zone is dense, with many short and chasing long orders.
Stronger resistance is at 2158, the previous high, where the big players are likely to sweep first if they push the market higher.
Support below is at 2080-2060, the recent pin insertion has already swept liquidity once.
The real bullish defense level is around 2006, which is the previous V-shaped low point.
Current key points of the trend:
The 2100 level is repeatedly contested,
indicating the big players haven't decided on a direction yet, and are in a back-and-forth harvesting phase.
Liquidation below has mostly been swept.
Short-term bearish profits are no longer significant, so the probability of a continued waterfall decline decreases.
There is still liquidity above that hasn't been taken.
If the price stabilizes above 2100, it could easily push toward 2120-2140, then see if it induces more longs and pulls back.
Short-term strategy:
A rebound bias above 2100.
Watch for a quick rise and fall around 2120.
If it breaks below 2080, it indicates further shakeout.
If 2060 is lost, there's a high chance it will revisit liquidity around 2000.
The most difficult part now isn't the direction but the rhythm.
The big players are clearly executing a "double kill with upward and downward pin insertion," making chasing orders very easy to be shaken out.