The article discusses the current price action of Ethereum, noting that it is consolidating in a structured range and failing to break above key resistance levels. This suggests an accumulation phase where market participants are accumulating positions instead of pushing the price higher or lower. The article also highlights the presence of "Gap Zones," which represent areas of unfilled liquidity that tend to attract price. The article suggests that if Ethereum moves lower into a Gap Zone, it could build strong liquidity to trap short sellers and potentially lead to a bullish reversal. The article also points out an increase in Open Interest, indicating new capital flowing into Ethereum's derivatives market, potentially leading to increased volatility. It suggests that a rise in Open Interest without a corresponding price breakout could indicate traders positioning themselves for a significant move, potentially leading to an upward breakout or a short squeeze if short positions dominate. The article concludes that Ethereum is ripe for a potential price reversal, and falling to the Gap Zone could be an ideal entry level for aggressive buyers.



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