$ETH Test or Breakout? Situation Review: 23/07ETHUSDT Perpetual ContractBYBIT:ETHUSDT.PWall_Street_LevelsETHUSDT.P Price broke through the nearest 📊M-IVZ resistance, which now acts as support, and held above. Upside momentum is present, but without clear backing from large capital. What the metrics show: • 🐋 Large capital on hold: 🐋Whale position via the Integrated Market Analysis (IMA) system remains neutral, without significant activity. No clear long or short bias — just observation. • 📊 Buying pressure weak: Taker Ratio sits slightly above neutral — market buys are present, but without conviction. • 🇺🇸 US session slightly more active: Yesterday's US trading saw volume pick up, but still far from "whales entering" territory. Possible development: If sellers fail to hold the current support zone at $1,850–$1,830, a breakdown toward $1,768 becomes possible — followed by a liquidity-sweep zone near $1,680, aligned with the maximum consolidation range of 📊IVZ. This aligns with classic price action: liquidity grabs often precede the next directional move. Key observation points: Price reaction at the support test is the primary indicator. Holding the level on rising volume with 🐋whale support could reinforce upside momentum. Losing support without a fight increases the likelihood of a quick liquidity sweep. Until 🐋whales commit, any move remains in the uncertainty zone. Analysis from me — execution from you 🚀 Platform restrictions limit the publication of closed indicators, so I display only the output of the 📊IVZ algorithm — institutional interest zones.