ETH Pulls Back on Lower Volume, Holds 2685 Unbroken — I’m Bullish!
$ETH current price around 2687. Near 2685 at the 4-hour open, it closed at 2687, with a slight daily gain of 0.07%. Don’t look at the small percentage— the trend is steady.
Looking at the 15-minute candles: the most recent hour shows four small bullish/small bearish candles. Highs: 2686.91 → 2688.01 → 2688.27 → 2688.21. Lows: 2685.09 → 2686.74 → 2687.69 → 2686.91. The lows are being quietly raised, and the 2685 level has been tested repeatedly without breaking down.
The trading volume is even more interesting: in the last four hours, the total volume in the latter two hours is 31.55% less than in the first two hours. A pullback on lighter volume with no heavy selling pressure—this kind of structure often indicates buildup, not a breakdown.
The news also adds confidence. According to CoinDesk, the number of crypto job postings increased to more than 1,200 in September. Bitcoin, Ethereum, and Solana are the most commonly requested blockchain skills. Demand for talent in the Ethereum ecosystem is still there— the industry hasn’t cooled off.
My plan: as long as it doesn’t fall below 2680, I’ll stay bullish on the short term. The first upside target is the 2690 resistance area. If it breaks above 2690, there’s a good chance more room opens up. If it drops below 2680, the short-term bullish logic fails and I’ll step back.
Not investment advice—manage your position size yourself.
$ETH current price around 2687. Near 2685 at the 4-hour open, it closed at 2687, with a slight daily gain of 0.07%. Don’t look at the small percentage— the trend is steady.
Looking at the 15-minute candles: the most recent hour shows four small bullish/small bearish candles. Highs: 2686.91 → 2688.01 → 2688.27 → 2688.21. Lows: 2685.09 → 2686.74 → 2687.69 → 2686.91. The lows are being quietly raised, and the 2685 level has been tested repeatedly without breaking down.
The trading volume is even more interesting: in the last four hours, the total volume in the latter two hours is 31.55% less than in the first two hours. A pullback on lighter volume with no heavy selling pressure—this kind of structure often indicates buildup, not a breakdown.
The news also adds confidence. According to CoinDesk, the number of crypto job postings increased to more than 1,200 in September. Bitcoin, Ethereum, and Solana are the most commonly requested blockchain skills. Demand for talent in the Ethereum ecosystem is still there— the industry hasn’t cooled off.
My plan: as long as it doesn’t fall below 2680, I’ll stay bullish on the short term. The first upside target is the 2690 resistance area. If it breaks above 2690, there’s a good chance more room opens up. If it drops below 2680, the short-term bullish logic fails and I’ll step back.
Not investment advice—manage your position size yourself.
