$ETH is reacting after a deep liquidity sweep and forced selloff, and I’m seeing buyers quietly regain control.
Reason / Market read
I’m focused on how price swept the 1,740 area, wiped out weak longs, and then rebounded aggressively. That move wasn’t random. It was a classic panic flush followed by acceptance higher, which usually signals sellers are exhausted.
Structure & context
I’m seeing structure recovery on the intraday chart. Price pushed impulsively, pulled back in a controlled way, and is now holding above the short-term balance zone. Volatility expanded first, then compressed — this