【$ETH Signal】Long | Healthy Consolidation After Volume Breakout
After a volume breakout above the 2000 psychological level on the 4-hour chart, the price consolidates within a narrow range below the previous high resistance zone. The price action indicates a healthy reset rather than a top sell-off. Buying pressure continues to absorb selling in the 2070-2080 area, with the 4-hour candlestick closing consistently above the breakout level, and no significant supply influx observed.
🎯 Direction: Long
🎯 Entry: 2075 - 2085
🛑 Stop Loss: 2030 $ETH Rigid stop loss, below the previous 4-hour low and dense trading zone (
🚀 Target 1: 2150 ) Previous high resistance and equal-distance target (
Core Logic: 1) Price and volume rising together: When breaking 2000, volume (OI) and trading volume significantly increase, driven by major funds. 2) Healthy consolidation: After the breakout, two consecutive small-bodied 4-hour candles show consolidation with gradually rising lows (2076.28 > 2079.62), indicating weakening sell pressure. 3) Order book support: The current bid (2082.42) has a substantial order depth (20.4 ETH) compared to the ask (39.2 ETH but dispersed small orders), indicating strong support below. 4) Funding rate: 0.0043% remains mildly positive, showing no excessive enthusiasm and supporting trend continuation. Under this structure, a pullback to the upper boundary of the breakout zone offers a high risk-reward entry point.
Trade here 👇 ) ---
Follow me: Get more real-time analysis and insights on the crypto market!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$ETH Signal】Long | Healthy Consolidation After Volume Breakout
After a volume breakout above the 2000 psychological level on the 4-hour chart, the price consolidates within a narrow range below the previous high resistance zone. The price action indicates a healthy reset rather than a top sell-off. Buying pressure continues to absorb selling in the 2070-2080 area, with the 4-hour candlestick closing consistently above the breakout level, and no significant supply influx observed.
🎯 Direction: Long
🎯 Entry: 2075 - 2085
🛑 Stop Loss: 2030 $ETH Rigid stop loss, below the previous 4-hour low and dense trading zone (
🚀 Target 1: 2150 ) Previous high resistance and equal-distance target (
🚀 Target 2: 2250 ) Extended target, corresponding to measured price increase (
Core Logic: 1) Price and volume rising together: When breaking 2000, volume (OI) and trading volume significantly increase, driven by major funds. 2) Healthy consolidation: After the breakout, two consecutive small-bodied 4-hour candles show consolidation with gradually rising lows (2076.28 > 2079.62), indicating weakening sell pressure. 3) Order book support: The current bid (2082.42) has a substantial order depth (20.4 ETH) compared to the ask (39.2 ETH but dispersed small orders), indicating strong support below. 4) Funding rate: 0.0043% remains mildly positive, showing no excessive enthusiasm and supporting trend continuation. Under this structure, a pullback to the upper boundary of the breakout zone offers a high risk-reward entry point.
Trade here 👇 )
---
Follow me: Get more real-time analysis and insights on the crypto market!