Ethereum Setup Spells Volatility for Thursday-Friday

Ethereum's price action has created a potentially important setup for Thursday and Friday.

This week, ETH moved through short-term liquidity areas without picking a clear direction, so two levels to keep an eye on are this week's high around $2,535 and a low near $2,440.

ETH formed a broader range early in the week, with ~$2,512 acting as resistance and ~$2,467 as support. Rather than breaking into a sustained trend, price repeatedly swept both sides of the range, signaling liquidity grabs and choppy, volatility-driven conditions.

Tuesday was the first real test of Monday's range. Ethereum dropped below Monday's low to roughly $2,440, sweeping up the liquidity sitting under the short-term range.