Ethereum's price action indicates liquidity below on higher timeframes and above on lower timeframes, creating a tug-of-war setup.
There is a nearby demand zone that may not hold if ETH decides to collect the liquidity sitting beneath it.
Previous analysis pointed out a specific supply zone, but ETH's price behavior focused on accumulating more liquidity rather than selling.
Ethereum's current setup hints at potential spikes up to sweep lower highs before a possible downturn, emphasizing the importance of timing and liquidity traps.