$ETH has finally been unable to hold back. It just broke through the top of the 2750 range box. Now the price is 2751—perfectly sitting right at the pressure level.
To be honest, this spot is pretty critical. If it holds, it starts a new leg; if it can’t hold, it’s a fake breakout.
On the 1-hour chart, the range box is very clear: 2660 to 2750 has been consolidating for several days. Today it finally pushes up with increased volume. The MACD forms a golden cross; the red histogram is expanding. DIF has already crossed above the zero line. There’s momentum in the short term, but RSI6 has jumped to 73 and is a bit overbought; RSI12 is 62, so there’s still room.
Key levels:
- Resistance above: 2750 (just broken through—needs confirmation), 2807 (previous high—strong resistance)
- Support below: 2660 to 2670 (the top edge of the range box turning into support), 2600 to 2620 (strong support)
Looking at the data again: open interest has rebounded from low levels, suggesting capital is entering. The long/short accounts ratio has fallen from 1.66 to 0.95—meaning shorts are actually increasing, and this kind of structure doesn’t tend to collapse immediately. Before a rally, it’s also normal to shake out shorts first.
If it pulls back near 2750, shows reduced volume and stops falling, then regains above 2760: try a small-size long, stop loss below 2730. First target 2807, then look at 2850.
If it directly breaks through 2807 on big volume, and a pullback doesn’t break it: go long again, stop loss below 2780, target 2850+.
If it drops back below 2750 and the rebound can’t get back above: that’s a fake breakout. Wait for the pullback to 2660 to 2670 and then reassess.
Anyway, I’m just watching 2750: if it holds, look at 2807; if it doesn’t, wait for a pullback to 2660 to 2670. No rush to act. Light position, and set your stop-loss properly.
#9月非农今晚公布 #ETH $ETH
Personal opinion only; not investment advice.
To be honest, this spot is pretty critical. If it holds, it starts a new leg; if it can’t hold, it’s a fake breakout.
On the 1-hour chart, the range box is very clear: 2660 to 2750 has been consolidating for several days. Today it finally pushes up with increased volume. The MACD forms a golden cross; the red histogram is expanding. DIF has already crossed above the zero line. There’s momentum in the short term, but RSI6 has jumped to 73 and is a bit overbought; RSI12 is 62, so there’s still room.
Key levels:
- Resistance above: 2750 (just broken through—needs confirmation), 2807 (previous high—strong resistance)
- Support below: 2660 to 2670 (the top edge of the range box turning into support), 2600 to 2620 (strong support)
Looking at the data again: open interest has rebounded from low levels, suggesting capital is entering. The long/short accounts ratio has fallen from 1.66 to 0.95—meaning shorts are actually increasing, and this kind of structure doesn’t tend to collapse immediately. Before a rally, it’s also normal to shake out shorts first.
If it pulls back near 2750, shows reduced volume and stops falling, then regains above 2760: try a small-size long, stop loss below 2730. First target 2807, then look at 2850.
If it directly breaks through 2807 on big volume, and a pullback doesn’t break it: go long again, stop loss below 2780, target 2850+.
If it drops back below 2750 and the rebound can’t get back above: that’s a fake breakout. Wait for the pullback to 2660 to 2670 and then reassess.
Anyway, I’m just watching 2750: if it holds, look at 2807; if it doesn’t, wait for a pullback to 2660 to 2670. No rush to act. Light position, and set your stop-loss properly.
#9月非农今晚公布 #ETH $ETH
Personal opinion only; not investment advice.
