Ethereum Price Analysis, Is This Just a Manipulation Before a Rebound?

Ethereum just went through the same violent move that dragged Bitcoin from 91k to 86k in hours. ETH slipped from 3k to 2.8k. And honestly? Nothing out of the ordinary. I actually felt a weird sense of “ah, there it is” when it finally tapped that liquidity we talked about last time.

In the previous article, we mentioned something important.
ETH needed to collect liquidity before resuming any clean upward movement. It arrived late, yes, and way more aggressive than most expected, but it finally did the job.

And here is the interesting part.

I once had this moment in trading where a chart dumped hard, scared everyone, and then, boom, shot back up as if nothing happened. This ETH move reminds me exactly of that. Sometimes the market just wants to shake retail so badly that even confident traders feel that micro-second of doubt.

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Then it flips direction.

So what now?

If this was simply manipulation, the ethereum price could absolutely return long from here. The structure did not break in a catastrophic way. It just cleaned the table, took the liquidity below, and is now in a position where buyers might re-enter with conviction.

But let’s stay grounded.
Price can still do whatever it wants and behave in unpredictable ways. The scenarios I shared are possibilities, not certainties. Trading never comes with 100 percent guarantees.

For now, ETH looks like it completed its liquidity grab.
If this was the trap…
The long continuation might be closer than it feels.