$ETH
Yesterday we discussed that the OBV chart on D1 did not create a bottom while the price rose. It is dangerous with the 3k6 chasing order, as indeed last night ETH went back to test 3k3-3k4.
The 3k5 probing order will still be held, but it's not time to add more yet. Waiting for either a stronger break to get a good DCA price, or a breakout of resistance to return to an uptrend with a bottom in phase with OBV and RSI.
✨ From a technical perspective, let's look at the D1 chart:
The previous green candles had small bodies, and the volume was significantly weaker than the selling candle - weak buying power, more like a technical retest than a real bottom.
EMA7 < EMA21 < EMA99 - the structure is still down; and EMA7 is curving down, confirming the end of the rebound.
OBV D1 does not increase with the price — this is a classic trap signal: price goes up but money does not flow in, making it very easy to have another flush to test the 3,000–3,100 range. Because yesterday's range of 3k3-3k4 did not react as sensitively as expected.
🧩 Summary based on wave logic
- The previous down wave (4,754 - 3,055) completed phase A.
- The rebound wave (3,055 - 3,658) is a weak phase B (volume does not support).
- We are currently entering phase C – usually will test back to the bottom of 3,055 or slightly break down to 2,950–3,000 to complete the adjustment cycle.
If this is correct, in the coming days there will be better prices to accumulate in line with the news of the US CP officially opening, expecting by the end of this month to close above 3k6 so that December can rise sustainably, reaching a peak by the lunar - solar new year.
=>> Fomo effect for the small fish just holding the new year bonus at the peak, decorating the Christmas tree 🤣🤣
Yesterday we discussed that the OBV chart on D1 did not create a bottom while the price rose. It is dangerous with the 3k6 chasing order, as indeed last night ETH went back to test 3k3-3k4.
The 3k5 probing order will still be held, but it's not time to add more yet. Waiting for either a stronger break to get a good DCA price, or a breakout of resistance to return to an uptrend with a bottom in phase with OBV and RSI.
✨ From a technical perspective, let's look at the D1 chart:
The previous green candles had small bodies, and the volume was significantly weaker than the selling candle - weak buying power, more like a technical retest than a real bottom.
EMA7 < EMA21 < EMA99 - the structure is still down; and EMA7 is curving down, confirming the end of the rebound.
OBV D1 does not increase with the price — this is a classic trap signal: price goes up but money does not flow in, making it very easy to have another flush to test the 3,000–3,100 range. Because yesterday's range of 3k3-3k4 did not react as sensitively as expected.
🧩 Summary based on wave logic
- The previous down wave (4,754 - 3,055) completed phase A.
- The rebound wave (3,055 - 3,658) is a weak phase B (volume does not support).
- We are currently entering phase C – usually will test back to the bottom of 3,055 or slightly break down to 2,950–3,000 to complete the adjustment cycle.
If this is correct, in the coming days there will be better prices to accumulate in line with the news of the US CP officially opening, expecting by the end of this month to close above 3k6 so that December can rise sustainably, reaching a peak by the lunar - solar new year.
=>> Fomo effect for the small fish just holding the new year bonus at the peak, decorating the Christmas tree 🤣🤣
