$ETH short-term update #1

2 boxes of liquidity currently consolidating in between.

I expect the breakout to come soon.

downwards there's a lot of open liquidity, upwards a bit less, till you reach price discovery.

+ going down might trigger a ripple effect, which could end around ~$2860, which doesn't have to mean the bull run has ended (it's not a favorable scenario though).

if we lose ~$2500 I consider the bull run as over.

Only thing you can do is making calculated guesses, the more info, the more accurate. Looking at several other market indicators I'd be surprised if we go for the ripple effect downwards.

tl;dr

consolidating, breakout is nearing, cycle hasn't ended IMO.