Ethereum recently surged without touching key liquidity points below, raising the likelihood of a potential reversal in the market.
The price of Ethereum swept the highs, indicating a possible reversal pattern that could lead to a significant drop towards the key demand zone below.
There is a significant amount of unclaimed liquidity below the current price level, potentially setting up for a drastic market reaction in the near future.
While a demand zone below could act as a pivot point for Ethereum, the market remains unpredictable, making it crucial for traders to stay cautious and patient in their approach.