Brothers, look at the chart—let’s continue talking about yesterday’s ETH one-hour market.
Yesterday, we said the bullish trigger level is 2698.88, with support at 2666.
Now the price is 2690.25, stuck below the resistance level, and hasn’t touched the bullish trigger point at 2698.88 yet.
In simple terms:
We haven’t officially entered a bullish run yet; this is a range-bound, watch-and-wait phase.
As long as the price hasn’t broken through and held above 2698.88, it doesn’t count as a buy signal—don’t rush into a position.
Next, look at the downside defense support at 2666. The current market is still some distance away from that support, so there isn’t a clear bearish signal for now.
But watch two key points closely:
✅ Upward: If the one-hour K-line closes and holds above 2698.88, that would be a bullish trigger. Then we can look at the targets 2722 → 2733 → 2748
❌ Downward: If price breaks below 2666, then this relatively bullish structure is invalidated immediately, and the market turns bearish
Right now, the price is just grinding right at the door of resistance, waiting for a breakout. Volume hasn’t picked up, so fake breakouts are easy—price spikes up and then drops right back.
In this kind of ranging market, the biggest taboo is entering too early. Be patient and wait for confirmation: either break upward to go long, or if support breaks down, then look for a short. If there’s no signal, just stay on the sidelines.
Technical analysis is only a probabilistic assessment. Crypto futures volatility is extremely high and the risk is significant. The above is only for chart study and discussion, not any trading or investment advice.
Yesterday, we said the bullish trigger level is 2698.88, with support at 2666.
Now the price is 2690.25, stuck below the resistance level, and hasn’t touched the bullish trigger point at 2698.88 yet.
In simple terms:
We haven’t officially entered a bullish run yet; this is a range-bound, watch-and-wait phase.
As long as the price hasn’t broken through and held above 2698.88, it doesn’t count as a buy signal—don’t rush into a position.
Next, look at the downside defense support at 2666. The current market is still some distance away from that support, so there isn’t a clear bearish signal for now.
But watch two key points closely:
✅ Upward: If the one-hour K-line closes and holds above 2698.88, that would be a bullish trigger. Then we can look at the targets 2722 → 2733 → 2748
❌ Downward: If price breaks below 2666, then this relatively bullish structure is invalidated immediately, and the market turns bearish
Right now, the price is just grinding right at the door of resistance, waiting for a breakout. Volume hasn’t picked up, so fake breakouts are easy—price spikes up and then drops right back.
In this kind of ranging market, the biggest taboo is entering too early. Be patient and wait for confirmation: either break upward to go long, or if support breaks down, then look for a short. If there’s no signal, just stay on the sidelines.
Technical analysis is only a probabilistic assessment. Crypto futures volatility is extremely high and the risk is significant. The above is only for chart study and discussion, not any trading or investment advice.
