I’ll be straight with you — this is not a breakdown, it’s a stress test.
On this chart, $ETH
flushed liquidity into ~3278, bounced immediately, and is now stabilizing back above 3300. That kind of wick + reaction usually means forced sellers are done and stronger hands are stepping in. The structure is damaged short-term, yes — but not invalidated.
A $12k drawdown hurts, no sugarcoating that. But here’s the key expert view:
ETH is still holding macro higher structure
This move looks like a corrective leg, not trend reversal
Panic selling after the liquidity sweep is how losses get locked in
Relief bounces often come after max emotional pain, not comfort
What I’d do if this was my position (not financial advice):
I would not close into fear after the sweep is already done
I’d only reassess if ETH accepts below 3250–3230 on strong volume
As long as ETH reclaims 3350–3400, pressure eases fast
So… will you hold?
That depends on whether your original plan was emotional or structural.
Right now, the chart says: painful, but not over.
Markets don’t reward comfort — they reward discipline under pressure.
If you want, tell me:
Your entry
Your leverage
Your invalidation level
I’ll give you a more precise, no-nonsense plan from here.