【$ETH ETHUSDT Futures 1-Hour Chan Theory Observation】
Data as of October 12, 08:00 Beijing time; covering 200 closed candlesticks, using only Binance USDⓈ-M futures market data.
Market structure: After breaking upward out of the 2496.12–2518.49 consolidation range, the price has continued to close above 2518.49 on the 1-hour chart. Latest closed price: 2545.01.
Confirmed pattern: The upward breakout has not been followed by a close back inside the original consolidation range. Follow-through after the breakout remains unconfirmed, so no new directional structure is being defined yet.
Key price levels: Breakout level to watch: 2518.49 Recent high: 2553.76 Lower edge of the consolidation range: 2496.12–2497.25
Conditions to watch: Wait to see whether subsequent 1-hour candles can hold above 2518.49, and watch for a possible break above 2553.76. If a candle closes back inside the original consolidation range, the validity of the breakout should be reassessed. For market observation only; this does not constitute trading advice.
【$ETH ETHUSDT Futures 1-Hour Chan Theory Observation】
Data as of October 12, 00:00 Beijing time; only closed candles are used.
Market structure: After breaking upward out of the 2496.12–2518.49 consolidation range, two consecutive 1-hour candles closed above the upper boundary. Latest close: 2549.15.
Confirmed pattern: A follow-through close after the break above 2518.49 has occurred; price has not yet fallen back into the original consolidation range.
Key price levels: Breakout level to watch: 2518.49 Recent closed-candle high: 2549.15 Lower boundary of the consolidation: 2496.12–2497.25
What to watch: Wait to see whether subsequent 1-hour candles continue to hold above 2518.49. If price closes back inside the original consolidation range, the validity of the breakout should be reassessed. For market observation only; this is not trading advice.
【$ETH ETHUSDT Contract 1-Hour Chan Theory Observation】
Data as of 22:00 Beijing time on October 11; only completed candlesticks are used.
Market structure: After a sharp drop from October 7 to 9, the price rebounded and has recently consolidated between 2497.25 and 2518.49. No confirmed breakout direction has formed yet.
Confirmed: 2518.49 formed a recent high, and 2497.25 formed a recent low. Price has fluctuated within the range, with no new directional Chan strokes or breakout confirmed.
Conditions to watch: Wait for a 1-hour close that decisively holds above 2512 and then breaks above 2518.49, or for a decisive break below 2497.25. Until either condition is met, continue monitoring. For market observation only; this is not trading advice.