ETH – Tapping Key ResistanceETHUSDT Perpetual ContractBYBIT:ETHUSDT.Pmaxi_onti -> After washing out a significant amount of late shorts from the previous dump, ETH is now tapping into a clear Order Block combined with the 0.886 Fibonacci retracement of the last swing high. -> Most of the liquidity remains sitting below current price, with multiple imbalances formed underneath. -> Obviously on the higher timeframes there are still plenty of shorts above, but for the short-to-mid term horizon, that selling pressure has largely been cleared out. -> I like this setup because we’re at a key resistance zone, yet the long positions that entered lower are acting as strong magnets with limited short interest remaining in the near-term structure. -> On top of that, after the strong rally over the past week, the 4H RSI is starting to push into overbought territory.