ETH: Sweeping Shorts Before The Final FlushEthereum / TetherUSBINANCE:ETHUSDTAndyMorganETHUSDT liquidity engineering is currently printing a classic trap. With macro data leaning aggressively hawkish and inflation metrics running hot, the recent V-shaped recovery looks more like a mechanical sweep of early short sellers than a genuine fundamental reversal. The Macro Friction The broader environment is toxic for risk assets. US PPI crushed estimates, 10-year yields are grinding above 5%, and geopolitical tension is keeping oil elevated. Today's upcoming speech from Fed Chair Warsh at 05:30 EST (09:30 UTC) is the primary catalyst. The market is bracing for hawkish rhetoric, setting up a high-probability volatility event. Liquidity & Price Action Thursday's aggressive dump into the 2318 zone cleared sell-side liquidity below the Tuesday and Wednesday lows. The violent absorption back above 2440 trapped late sellers and forced early shorts to cover. The recovery was structural, not fundamental. We are hovering in a high-friction zone (2430-2460). Buy-side liquidity near 2467 and 2530 remains untagged, but macro gravity suggests no sustained breakout yet. The Play Expect the US session to ruthlessly hunt liquidity. While a brief push to tap the 2467 high is possible, the macro backdrop favors one final, deeper capitulation event to reset positioning before a durable uptrend. A rejection near current levels or a failed breakout of Thursday's high provides the optimal setup to short into the next macro-driven flush. Watch the 2400 pivot. A 4H close below signals the next leg down. Not financial advice. Trade at your own risk. — Andy Morgan