Dec. 25 at 2:56 PM
$ETH is in a broader downtrend and is currently consolidating after the selloff, with price rotating around the
$2,920 to
$2,950 area. Bookmap shows heavy resting liquidity overhead between
$3,000 and
$3,060, which has repeatedly capped upside attempts, while strong bid support is stacked below near
$2,900 to
$2,880, absorbing sell pressure. Large red volume bubbles during pullbacks signal aggressive selling, but the inability to break below
$2,900 suggests responsive buyers are active. As long as
$ETH remains below
$3,000, structure favors consolidation to lower, with a clean reclaim of
$3,000 needed to shift momentum, while acceptance below
$2,900 would open the door to a deeper downside move.
$IESC $ZWS
