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

$ETH After experiencing a sharp decline on the daily chart, a solid buying interest formed in the 2000-2030 range, accompanied by a volume breakout with stable open interest. Currently, the price is consolidating narrowly between 2090-2110 after the breakout, indicating a healthy bullish reset rather than a top.

🎯 Direction: Long

🎯 Entry: 2085 - 2095

🛑 Stop Loss: 2050 ( Rigid Stop Loss )

🚀 Target 1: 2150

🚀 Target 2: 2220

Core Logic: 1) Price Action: After a daily decline, the 4H chart formed a double bottom at the 2000 level with long lower shadows, followed by a volume surge (4.18 million ETH traded) with a strong bullish candle reclaiming lost ground. This is a clear sign of short-term panic selling and main force accumulation. 2) Data Validation: Open interest remained stable during the breakout, ruling out the possibility of main force pushing up to dump. Currently, Taker selling dominates, but the price refuses to fall, indicating continuous absorption of sell orders. 3) Market Psychology: The V-shaped rebound after the plunge successfully cleared leveraged longs, and the current consolidation shows no selling pressure, setting the stage for the next upward push. As long as the support holds above 2050 and the previous high, the probability of moving higher is significant.

Trade here 👇 $ETH

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