$ETH broke the range 2,405–2,477, where price sat for almost a full day. The breakout candle delivered +3.5% on volume nearly twice the average.
I watched the order flow: big buyers moved in on the breakout (+19.8K ETH per day), but over the past 5 days those same large orders totaled an outflow of -72.8K ETH. Today’s inflow is happening after several days of net selling—either a reversal, or simply a bounce within the broader distribution.
RSI(6) is already at 70.67, while MA(7) is still below MA(25)—there’s no golden cross yet, so the move hasn’t been confirmed by the averages.
At 15:30, US inflation hits; the consensus is 3.4%—same as last time. I’m waiting to see how the market reacts to it; I’m not chasing a move that’s already happened.
Does someone enter this kind of breakout right away, or do they wait for a retest and confirmation on the CPI?
I watched the order flow: big buyers moved in on the breakout (+19.8K ETH per day), but over the past 5 days those same large orders totaled an outflow of -72.8K ETH. Today’s inflow is happening after several days of net selling—either a reversal, or simply a bounce within the broader distribution.
RSI(6) is already at 70.67, while MA(7) is still below MA(25)—there’s no golden cross yet, so the move hasn’t been confirmed by the averages.
At 15:30, US inflation hits; the consensus is 3.4%—same as last time. I’m waiting to see how the market reacts to it; I’m not chasing a move that’s already happened.
Does someone enter this kind of breakout right away, or do they wait for a retest and confirmation on the CPI?