#ETH


Current price: 2226.37, currently in the short-term upward pullback phase.
Pattern features: After experiencing a previous decline, the price bottomed near 2,172.68 and formed a consolidation pattern similar to a "rounded bottom" or "W bottom."
Trading volume: The rebound trend is accompanied by a significant increase in trading volume, indicating buyer participation, which is a positive confirmation of the breakout signal.
Bullish strategy (breakthrough resistance)
If the price breaks through the 2235 - 2240 zone with increased volume, it indicates that the bulls have recovered the decline from the previous large bearish candle, and the trend has turned upward.
Stop-loss suggestion: Set around 2210 (below the current minor support level).
Target levels: First target 2260, second target 2295 (previous high resistance).
Waiting for confirmation: The 15-minute timeframe is quite volatile, so it is recommended to wait for a candlestick to close above the breakout level or observe the "breakout pullback without breaking" process before entering, to avoid being caught in a "false breakout."
ETH5,48%
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