【$ETH Signal】Long | Healthy Pullback After Volume Breakout
After a volume breakout above the 2000 psychological level on the 4H timeframe, the price is performing a healthy pullback from the previous resistance turned support area. Market indicators show effective absorption of buy orders with no signs of panic selling.
Technical Logic: Three consecutive volume-driven bullish candles on the 4H chart establish a breakout trend, with the last candle closing above the previous high, confirming strength. Currently, the price is consolidating above the breakout zone (1969-2001), with order book depth showing dense buy support around 2060. Funding rates are only 0.01%, indicating no extreme bullish overheating, supporting a healthy upward continuation. Price action (PA) shows each pullback is quickly absorbed, indicating a bullish market structure.
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$ETH #Is the current market bottoming out or just observing?
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【$ETH Signal】Long | Healthy Pullback After Volume Breakout
After a volume breakout above the 2000 psychological level on the 4H timeframe, the price is performing a healthy pullback from the previous resistance turned support area. Market indicators show effective absorption of buy orders with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 2040 - 2055
🛑 Stop Loss: 2025 $ETH Rigid Stop Loss (
🚀 Target 1: 2120
🚀 Target 2: 2180
Technical Logic: Three consecutive volume-driven bullish candles on the 4H chart establish a breakout trend, with the last candle closing above the previous high, confirming strength. Currently, the price is consolidating above the breakout zone (1969-2001), with order book depth showing dense buy support around 2060. Funding rates are only 0.01%, indicating no extreme bullish overheating, supporting a healthy upward continuation. Price action (PA) shows each pullback is quickly absorbed, indicating a bullish market structure.
Trade 👇 )
---
Follow me: Get more real-time analysis and insights on the crypto market!
$ETH
#Is the current market bottoming out or just observing?