⚠️$ETH Volatility is about to choose a direction!
Yesterday, after being pressured around 2745, price fell back to 2650, and it is currently continuing range-bound oscillation.
The key in the market is the 2650 range-box bottom support:
✅ If the wick breaks the level and quickly reclaims it = a stop-out / leverage washout to lure shorts; look for a rebound toward 2750
❌ If the candle body closes below 2640 = bearish weakness continues downward; the next support is around 2560
Long (bulls) structural opportunity: hold above the 2650–2660 support. If there is a volume expansion and a breakout above 2750, the top of the range box, it can directly squeeze higher, breaking the previous high at 2806; the target is 2900–3000.
At this stage, trading volume is shrinking and momentum is dull—don’t blindly bottom-pick or top-guess. Wait for abnormal activity signals with volume; strictly manage risk with a win/loss plan!
#ETH
Yesterday, after being pressured around 2745, price fell back to 2650, and it is currently continuing range-bound oscillation.
The key in the market is the 2650 range-box bottom support:
✅ If the wick breaks the level and quickly reclaims it = a stop-out / leverage washout to lure shorts; look for a rebound toward 2750
❌ If the candle body closes below 2640 = bearish weakness continues downward; the next support is around 2560
Long (bulls) structural opportunity: hold above the 2650–2660 support. If there is a volume expansion and a breakout above 2750, the top of the range box, it can directly squeeze higher, breaking the previous high at 2806; the target is 2900–3000.
At this stage, trading volume is shrinking and momentum is dull—don’t blindly bottom-pick or top-guess. Wait for abnormal activity signals with volume; strictly manage risk with a win/loss plan!
#ETH
