$ETH
ETH
3,115.93
+0.38%
I gave you $3280 as a reversal zone for ETH & it’s been dumping exactly from that zone. Now, on 4H timeframe, it’s currently on strong support which is 4H 100MA & 4H 200MA as well as 1D 50MA. Therefore, we can expect some short term pullback before going down again.
Also, if you look at the liquidation heatmap, you can see that there's around $226M short liquidations lying at $3191 zone which perfectly aligns with my red box. Market makers surely will be eyeing that zone.
In my previous market update post, I showed you the reversal zones for both USDT.D & TOTAL3. That data also supports the ETH chart. So, get ready to build some scalp positions. All the best.