$ETH ‌ IS BLEEDING BUT THIS ZONE MATTERS❗❗

#Ethereum has taken a brutal drop and is now sitting near a major higher-timeframe demand area....
This is where panic peaks and smart money starts watching closely.
Most traders only see the red candles.
But historically, $ETH forms its strongest reversals after deep capitulation phases like this.
If this range holds, we could see a strong relief bounce first.
If it breaks, the market may search for deeper liquidity before the real bottom forms.
This is the phase where weak hands exit and long-term players quietly position.