#ETH 1D Technical Overview

Current Action: Severe bearish expansion actively trading down to $1,781.58.

Liquidity Sweep: Testing the critical SSL & February Low boundary. A daily close below confirms a macro structural breakdown; a sharp lower-timeframe rejection sets up a localized bounce.

Downside Target: If this flush fails to capture aggressive buyers, the next major high-timeframe liquidity magnet is the Weekly Order Block (W OB+) at $1,580.00.

Overhead Supply: Any incoming relief matrix faces steep premium resistance at the institutional Fib levels: 0.5 Equilibrium ($2,044.28) and 0.78 OTE ($2,227.39).

Monitoring order flow around the daily close to confirm the macro trajectory.

@cryptosignals