$ETH showing strong liquidity absorption at the local support zone.



Sellers still control the trend, but buyers are defending key demand.

EP
1,962 - 1,972

TP
TP1 1,978
TP2 1,989
TP3 2,002

SL
1,952

Price swept liquidity below 1,960 and reacted sharply from the 1,956 support level. As long as this area remains protected, a push into overhead liquidity is likely. Structure remains corrective, but reclaiming 1,980 would confirm short-term strength and improve continuation odds.

Let’s go $ETH ‌
ETH4.21%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • 1
  • Share
Comment
Add a comment
Add a comment
Orange-FlavoredBlock
· 06-03 15:22
Sellers control the market but buyers are supporting it; this kind of game is the most exhausting. Try a small position to test the waters.
View OriginalReply0
FeeSwitchLobbyist
· 06-01 21:54
ETH is good at this liquidity game; the short positions above 2002 are waiting to be hunted.
View OriginalReply0
SoftRugDetective
· 06-01 16:44
The needle at 1,956 is quite standard; the demand zone responds quickly, so you can follow it in the short term as well.
View OriginalReply0
tvl_down_bad
· 06-01 16:44
The volume of this rebound is average; I will continue to watch and wait until 1980 is confirmed before making a move.
View OriginalReply0
Post-RainCandlestickReflection
· 06-01 16:44
TP3 2002 is a bit optimistic, but it's still important to have dreams.
View OriginalReply0
NftsOutsideTheTidalLine
· 06-01 16:44
SL holding at 1952 is quite reasonable; the liquidity below has already been swept once, and if it breaks again, there truly will be nothing left.
View OriginalReply0
RugProofMaybe
· 06-01 16:44
Holding this position at 1960 is indeed somewhat interesting, but there's also quite a bit of pressure at 1980 above. Let's first look at TP1.
View OriginalReply0
  • Pinned