- ETH dropped from ~$2,550 to sweep liquidity near $2,440—textbook move
- Price is now retracing and may build new liquidity above
- Possible breakout setup forming if trendline fails with momentum
Let’s talk Ethereum.
In the last article, we pointed out that price was hovering around the $2,550 mark.
But for anyone who’s spent time studying price structure and understands the beautiful chaos that is liquidity, what happened next wasn’t exactly shocking.
After a temporary bullish push to trap people into going long, price dipped. Fast.
Straight into the $2,440 zone. Why?
Because that’s where the liquidity was stacked—just beneath a trendline that probably looked pretty safe to the retail crowd. But as we’ve seen time and time again, if you place your stop losses somewhere too obvious, chances are the market is going to come knocking.
And knock it did.
This kind of liquidity sweep isn’t just random noise. It’s how the market breathes. I’ve seen it happen countless times—price respecting a trendline until it doesn’t, lulling everyone into a sense of comfort before snapping it and leaving traders scratching their heads.
So what now?
Right now, price is retracing back into the range. It could be forming fresh liquidity above this temporary trendline. The kind of liquidity that gets the market excited again—only to become the next target.
In other words, we might be looking at a classic “support hold > liquidity build > aggressive breakout” play.
It’s almost poetic.
Now, for those here for the technical side of this ethereum price prediction, here’s a basic view of the potential scenario:
- Scenario A (Bullish): ETH respects the trendline temporarily, gathers liquidity above recent highs, and then breaks through with momentum. Targets? $2,600–$2,700 would be a logical zone.
- Scenario B (Bearish): Price fakes out above the trendline, traps longs, then dives back down to retest that $2,440–$2,460 demand one more time. Ouch.
Whichever way it plays out, remember: we don’t have certainty. The market does what it wants. This is a game of probabilities, not predictions carved in stone. And honestly, that’s part of what makes it beautiful.
One day you feel like you’ve figured out the whole structure, and the next you’re staring at your chart thinking, “What even was that?”
Anyway, this setup has potential—whether you’re waiting for confirmation or planning to fade the next overextended move. If ETH does break out above this zone with strength, we could see it start building serious momentum into Q3.
But let me be super clear: these are possible scenarios, not gospel. Ethereum, like all major assets, can flip direction without notice. Be ready for anything. And don’t fall in love with your bias. Not in this market.
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