【$ETH Signal】Long | Healthy Consolidation After Breakout with Volume

After completing a volume breakout on the 4H timeframe, the price consolidates strongly in the previous high region. Price action shows that buying pressure is continuously absorbing in the $1970-$2000 range, with no signs of panic selling. The funding rate is only slightly positive, indicating healthy market sentiment without excessive euphoria. Order book depth shows a balanced buy and sell side near the current price, representing natural turnover after the breakout.

🎯 Direction: Long

🎯 Entry: $ETH - $2050
🛑 Stop Loss: $2070
$1969 Rigid stop loss below the low of the breakout candle (

🚀 Target 1: )
🚀 Target 2: $2180

Technical logic: Three consecutive volume-increasing bullish candles on the 4H chart establish a breakout structure, with the last candle closing above the previous high of $2000, confirming validity. The subsequent consolidation candles' highs and lows did not break below the midpoint of the breakout candle, indicating a strong flag pattern. Open interest (OI) increased in tandem with the upward move, and combined with positive funding rates, suggesting that the main force is driven by bulls rather than bears. Key support has moved up to $1970 (the breakout candle high and lower boundary of the consolidation zone). As long as the price remains above this level, the path upward faces minimal resistance.

Trade here: 👇 $2250

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‍$ETH
#Is the current market bottoming out or just observing?