ETH Faces Deep Pullback After Liquidity Sweep

[bonk]

ETH has undergone a sharp correction, dropping from the 3,380–3,400 zone directly into the 3,180–3,200 FVG, where price reacted firmly. This move signals a clear liquidity sweep — a deep probe to collect orders before bouncing at a key demand pocket, reinforcing this FVG as short-term support.

To the upside, the 3,300–3,360 bearish FVG remains a major barrier, where ETH previously saw strong rejection. Volume Profile shows thin liquidity in this range, explaining why sellers continue to dominate whenever price retests it. The broader market structure still leans bullish with higher lows intact, but the recent sweep places ETH in a deeper corrective phase. The 3,180–3,200 zone now acts as a crucial pivot: losing it would flip the short-term bias bearish and expose the high-volume 3,000–3,100 region.

[Nahid Hossen]

Classic liquidity sweep before a deeper corrective move.

[Nahid Hossen]

Watching if ETH forms a higher low or continues sliding.