From a strategic standpoint, any temporary bearish corrections would be viewed as high-probability opportunities for long re-entries. These minor pullbacks serve to reset local indicators while the primary trend remains firmly higher. Traders are currently eyeing the $2,624.14 level as a primary target, with the possibility of a move toward the 261.8% extension if the positive momentum remains sustained.
Ethereum Sweeps Range High: Buyers Step InThat said, the liquidity captured during this sweep opens up opportunities for hedge strategies. For example, a short position on the opposite side could help mitigate risk while waiting for the market to stabilize. Specific levels, such as the 50% wick fill around $2,110, may present interesting shorting opportunities after a bearish MSB forms.
