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🚨 Ethereum's selling momentum is weakening... but the real market movement may not have started yet.
The latest round of $ETH decline is accompanied by significantly lower selling volume than before. This is an important clue:
📉 The sellers' momentum is exhausting.
Therefore, the probability of Ethereum immediately breaking below the June 6 low of $1503 is relatively low.
Here is the roadmap I'm watching:
1️⃣ A slight retest during traditional market pullback.
2️⃣ A bounce towards the descending trendline and major resistance area.
3️⃣ Liquidity sweep between $2040-$2100, where a large number of short positions are concentrated.
4️⃣ Here comes the key question: Will ETH be rejected by the resistance area and turn into a deeper correction?
My view is: if this resistance area rejects price, Ethereum may eventually break below $1500 to find a more meaningful bottom.
🚨 The next rebound could be a trap, followed by the real downtrend.
In such a market, knowing price action is not enough — you need to know where liquidity is.
Be patient. Let the market show its hand first before making aggressive bets.
This is just market analysis and does not constitute financial advice.