ETH delivered a textbook-level price action today: starting from the 2085 low point, three consecutive large bullish candles on the 4H timeframe pushed up 153 points to the 2288 high, a gain exceeding 7.5%.
The core driving force came from two waves of volume breakouts — the first wave at 1H level surged directly from 2112 to 2183 (Vol 40M), the second wave from 2179 to 2255 (Vol 50M), both accompanied by massive volume confirmation. However, the 2288 high showed classic liquidity sweep: after the 5M level spiked higher, it instantly reversed with an upper wick + 7M massive volume, then crashed to 2260, followed by consolidation in the 2260-2270 range.
The 1H closed a large bearish candle from 2279 to 2260 (-19 points), the first solid bearish candle in this rally. Currently, the 4H structure remains intact (three large bullish candles unbroken), 1H has not yet broken below the key 2255 CHoCH level, but short-term momentum has clearly exhausted, with 15M and 5M showing consecutive volume contraction and consolidation. The 2260 level has been tested over four times, holding each time but with declining rebound strength. Bulls need to reclaim above 2271 to prove continued strength, otherwise there is risk of persistent low-volume decline breaking 2260 and testing 2255. Currently in a zone of competing interests — avoid chasing rallies or panic selling; wait for key level breakouts before entering. Operationally, prioritize trading pullbacks following the 4H major trend on the long side, but must wait for confirmation signals and cannot catch falling knives on support. Shorting requires stricter conditions — at minimum, 1H structure breakdown is needed to justify going against the trend.
ETH delivered a textbook-level price action today: starting from the 2085 low point, three consecutive large bullish candles on the 4H timeframe pushed up 153 points to the 2288 high, a gain exceeding 7.5%.
The core driving force came from two waves of volume breakouts — the first wave at 1H level surged directly from 2112 to 2183 (Vol 40M), the second wave from 2179 to 2255 (Vol 50M), both accompanied by massive volume confirmation. However, the 2288 high showed classic liquidity sweep: after the 5M level spiked higher, it instantly reversed with an upper wick + 7M massive volume, then crashed to 2260, followed by consolidation in the 2260-2270 range.
The 1H closed a large bearish candle from 2279 to 2260 (-19 points), the first solid bearish candle in this rally. Currently, the 4H structure remains intact (three large bullish candles unbroken), 1H has not yet broken below the key 2255 CHoCH level, but short-term momentum has clearly exhausted, with 15M and 5M showing consecutive volume contraction and consolidation. The 2260 level has been tested over four times, holding each time but with declining rebound strength. Bulls need to reclaim above 2271 to prove continued strength, otherwise there is risk of persistent low-volume decline breaking 2260 and testing 2255. Currently in a zone of competing interests — avoid chasing rallies or panic selling; wait for key level breakouts before entering. Operationally, prioritize trading pullbacks following the 4H major trend on the long side, but must wait for confirmation signals and cannot catch falling knives on support. Shorting requires stricter conditions — at minimum, 1H structure breakdown is needed to justify going against the trend.