ETH | +9.4% Exactly As Called — Liquidity Tapped To The Tick!Ethereum / TetherUSBINANCE:ETHUSDTBigBeluga By analyzing the #Ethereum chart on the 1H timeframe, we can see that price has delivered our previous roadmap almost to perfection. In our last idea, we called the corrective long from the flipped support up toward the liquidity — and price has since rallied roughly +9.4%, driving all the way up to tap the Bsl target at $1,846.58 to the tick before reacting lower. You can revisit the original breakdown here: 📊 Daily Timeframe On the Daily, the bigger picture is unchanged from our last call: ETH is still working through a broader corrective structure, and the major decision area overhead remains the Daily Flip Zone ($1,968.80 – $2,160.36). That's the zone that decides everything — a rejection there resumes the larger bearish leg, while a decisive close above it takes out the Protected High at $2,465.57 and flips the entire structure bullish. Nothing about that higher-timeframe map has changed; price is simply working its way up toward it. ⏱️ 1H Timeframe On the 1H, the plan executed cleanly. After the CHoCH that broke the descending channel and flipped resistance into support, price pulled back into the flipped support zone (~$1,640 – $1,670) exactly as we outlined — then launched with force and ran the entire move up, a clean +9.4% rally, tapping the buy-side liquidity (Bsl) at $1,846.58 precisely. That's the liquidity grab we were targeting, hit to the tick. Price is now trading around $1,765, pulling back after the sweep. The structure stays constructive as long as the Protected Low at $1,512.42 holds — that remains the structural invalidation. 🎯 The Bias The first leg played out exactly as mapped: flipped-support reaction → +9.4% run → liquidity tap to the tick. Now that the Bsl at $1,846.58 has been swept, the two-sided read is straightforward. A healthy pullback that holds structure keeps the door open for the next push toward the Daily Flip Zone ($1,968.80 – $2,160.36), the real HTF decision area. But I'm respecting that we've just tapped a major liquidity level — a deeper corrective pullback here would be natural before any continuation. In my view, dips remain constructive while price holds above the Protected Low ($1,512.42); only a decisive reclaim of the Daily Flip Zone confirms a genuine trend change over a relief rally. 📰 Fundamental Backdrop The technical pullback lines up with a softening macro backdrop today. As of July 13, ETH is trading around $1,775, down roughly 2.4% on the day, with the move driven by tightening global liquidity conditions and a clear cooling of institutional appetite — spot ETH ETF net outflows have accelerated, exchange deposits are rising (a sign of building sell-side pressure), and perpetual funding has slipped to neutral as the earlier bullish bias faded. Rising US Treasury yields and a firmer dollar under the Fed's higher-for-longer stance continue to pressure high-beta assets like ETH. That said, the longer-term setup keeps genuine bulls interested: both BlackRock and Grayscale are working on staking ETH ETFs (a potential major new demand driver), staked ETH sits near a record ~32% of supply, and Ethereum still leads the market in stablecoin supply, DeFi TVL, and real-world asset tokenization. The key technical line remains $1,829 — a confirmed break above it opens the path toward $1,860 and beyond, tying directly into our liquidity roadmap. Until then, ETH stays sensitive to Bitcoin's lead and the broader risk tone. This analysis will be updated as the market evolves. If this breakdown added value, drop a like 👍 and a comment 💬 to support the work — and share where you see Ethereum heading next! Best Regards, BigBeluga 🐳