$ETH — I’m focused here because price dropped hard from the 3,000 zone, swept liquidity cleanly around 2,685, and then showed an immediate reaction. That kind of move usually tells me panic selling just finished and the market is trying to stabilize.
Market read
I’m seeing a strong downside impulse followed by absorption. The long wick into 2,685 shows stops were taken aggressively, but sellers couldn’t push further. After the sweep, price reclaimed ground and started holding above the reaction low. That behavior often signals a short-term bottom forming.
Entry point
I’m looking to enter aroun