Technical analysis by melikatrader94 about Symbol ETH on 11/8/2025

Hi! Price is currently pulling back toward a key Supply & Demand zone, where a short-term bullish reaction is still possible. This level acted as resistance previously and now lines up as a logical retest area after the recent drop. However, the broader structure suggests that even if we do see a bounce here, it may only form a temporary correction before the price reaches deeper liquidity. The QML zone below remains the major point of interest. A sweep into that QML area would fill remaining inefficiencies and tap into the stronger demand needed for a more convincing reversal. From there, the chart opens the possibility for a larger bullish leg heading into 2026. In short: Watching for a short-term reaction at S&D Still expecting a deeper move into QML That zone holds the higher-probability long setup This scenario remains valid as long as the structure continues to unwind toward the lower liquidity pool.