🔴 Is Ethereum Getting Ready for a Liquidity Flush Below $2,360? 🔴
Ethereum (
$ETH ) is displaying some classic signs of Smart Money distribution on the 4-hour chart! 📉
After hitting those Equal Highs (EQH) and reaching into the upper supply zone, ETH made a bold Change of Character (CHoCH) followed by a Break of Structure (BOS) downward.
📉 Key Levels to Keep an Eye On:
🧱. Resistance / Bearish Order Block: $2,480 – $2,530
🎯. Immediate Target: Liquidating late longs below $2,360
🧟. Macro Catalyst: Growing anxiety over rate hikes as we approach the upcoming FOMC & CPI releases
With macroecon