Yesterday, it followed Old Bai’s scripted rehearsal from start to finish—super steady!
Today ETH, after consolidating around 2450, has climbed back above 2500, and on the 1-hour timeframe a fairly clear breakout structure has already formed.
At the moment, the price is 2501. EMA20 is around 2478, EMA50 around 2469, and EMA200 around 2444. The moving averages have once again lined up in a bullish formation, and the short-term structure has clearly strengthened.
Earlier, the move from 2547 to around 2437 was a rapid dump. After that, ETH did not make a new low; instead, it repeatedly formed a base in the 2440–2470 range.
So now the focus is whether 2500 can hold, and whether 2520 can break through.
If 2520 is decisively broken, there is a good chance price could move to 2547, and the 1-hour structure would upgrade from a mere “rebound” to trend continuation.
On the flip side, if the push above 2500 fails and price falls back below 2470, then this breakout could turn into a false breakout. In that case, we need to watch for a return to the 2440–2450 area.
Today ETH, after consolidating around 2450, has climbed back above 2500, and on the 1-hour timeframe a fairly clear breakout structure has already formed.
At the moment, the price is 2501. EMA20 is around 2478, EMA50 around 2469, and EMA200 around 2444. The moving averages have once again lined up in a bullish formation, and the short-term structure has clearly strengthened.
Earlier, the move from 2547 to around 2437 was a rapid dump. After that, ETH did not make a new low; instead, it repeatedly formed a base in the 2440–2470 range.
So now the focus is whether 2500 can hold, and whether 2520 can break through.
If 2520 is decisively broken, there is a good chance price could move to 2547, and the 1-hour structure would upgrade from a mere “rebound” to trend continuation.
On the flip side, if the push above 2500 fails and price falls back below 2470, then this breakout could turn into a false breakout. In that case, we need to watch for a return to the 2440–2450 area.
