Will ETH be able to return to the key level of $2,500?

⚡️ Hello, everyone!

Over the weekend, Bitcoin and the entire market fell sharply due to geopolitical instability. ETH reached $2,120! And now it is trading at $2,440. However, as long as the price remains below the psychological level of $2,500, this is definitely a bearish signal.

❓ And the main question arises: will ETH be able to return to the $2,500 level and above, continuing its growth? Let's figure it out:

As I said in my previous review, ETH began to close the GAP from below at the levels of $2,470 - $1,855. However, there is also a GAP from above at the levels of $2,807 - $3,260. And after closing the current one, the next target will be this one. After all, as we know, 99% of GAPs close sooner or later.

📊 The price is in a flag pattern, and the first squeeze of the sloping support of the figure led to a price increase from $1,390 to $2,880 at its peak. However, the next test is unlikely to go so low, and therefore will not have the same effect. Therefore, the ETH price will likely continue to squeeze until it breaks one of the slopes, setting the direction.

⚙️ Metrics and indicators:
Money Flow - fresh liquidity has been flowing into ETH for almost a year now! Even despite the correction, the inflow has only been increasing since August 2024.

Liquidity Depth - as we know, the price moves from one liquidity zone to another. And now, there is significantly more liquidity concentrated at the top than at the bottom. This means that it is much easier to move the price up.

📌 Conclusion:
I'm not trying to say that ETH will skyrocket right now. But it's definitely not where it should be. And when it goes up, it will go up a lot, and we need to be ready for that.

I don't think we'll see levels of $1,500 and below again. But $1,800 at the end of summer or beginning of fall is quite realistic.

So be patient, we'll definitely get our chance!