TLDR:

Ethereum swept liquidity below $2,380 before bouncing back into its trading range.
$2,500 mid-range holds key for a breakout toward $2,700–$2,800 resistance zone.
Daily trading volume hit $13.5B, signaling active participation despite uncertainty.
Mixed sentiment persists as ETH shows slight recovery but remains down on the week.

Ethereum has recovered from a price drop that swept liquidity below critical support levels. 

The cryptocurrency now trades back within its established range after triggering stop losses positioned beneath key technical levels. Market analysts observe renewed interest around the $2,500 mid-range area, where substantial trading volume has concentrated. 

The recent price action suggests potential for another attempt at breaking through long-standing resistance levels. Current market dynamics indicate Ethereum faces crucial decisions at these pivotal price points.

ETH Price Action Shows Classic Liquidity Hunt Pattern

Crypto trader Daan Crypto Trades highlighted how Ethereum executed a textbook liquidity sweep below range lows. 

The move targeted stop losses and liquidated positions placed just beneath the $2,379.68 support level. This aggressive flush typically occurs when market makers capture available liquidity before reversing direction.

The technical pattern demonstrates how institutional players often hunt retail stops positioned at obvious support levels. Ethereum quickly bounced back into its trading range after completing this liquidity collection phase. 

Such moves frequently precede directional moves as they clear out weak positions.

$ETH After a big flush below to take out all the liquidity and stops that were placed there, we now find ourselves back in the range.

Levels of interest marked on the chart. Most volume has traded around the $2500 region which corresponds with the mid range as well.

Break that,… pic.twitter.com/wLPyWL5yAM

— Daan Crypto Trades (@DaanCrypto) June 27, 2025

ETH now faces the critical $2,500 mid-range level that has absorbed most trading volume recently. A successful break above this area could trigger another attempt at the $2,700 to $2,800 resistance zone. This upper range has consistently rejected upward price advances over recent trading sessions.

The $2,500 level represents a crucial inflection point for Ethereum’s near-term direction. Strong volume concentration around this price suggests institutional interest and order flow. 

Breaking through could accelerate momentum toward higher targets that have proven challenging to overcome.

Ethereum Current Market Data Reflects Mixed Sentiment

Recent price data shows Ethereum trading at $2,439.79 with a modest 0.31% gain over 24 hours. 

However, the cryptocurrency remains down 2.22% across the past week, reflecting ongoing market uncertainty. Daily trading volume reached $13.5 billion, indicating healthy market participation despite recent volatility.

The mixed price performance suggests market participants remain cautious about committing to strong directional moves. ETH’s position near mid-range levels creates opportunities for both bullish breakouts and bearish rejections. 

Volume patterns around key levels will likely determine which scenario unfolds.

Ethereum’s immediate future depends heavily on its ability to sustain above the $2,500 mid-range area. A convincing break higher could open pathways to retesting the stubborn $2,700-$2,800 resistance zone. 

Failure to maintain current levels might result in further consolidation or potential retests of range lows.

 

The post Ethereum Price Rebounds to Mid-Range After Liquidity Sweep Below Key Support appeared first on Blockonomi.

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Filed under: Bitcoin - @ June 27, 2025 4:31 pm