$ETH showing some solid bullish vibes, but I wouldn't be surprised if it pauses a bit around these resistance levels for some consolidation. Overall, I'm leaning cautiously bullish here, but keeping a close eye on whether we can punch through that resistance.
On the volume side, those recent 1-hour candles have been picking up steam on the upsides, which is backing up the price push nicely. That said, the very latest candle's volume has dropped off a cliff, which makes me think we might be seeing a bit of fatigue creeping in.
As for capital flows, the contracts are telling an interesting story: over the 6H to 24H windows, we're seeing hefty net inflows (around 429M to 472M), which screams big players piling into longs. But zoom in to the shorter frames like 5m to 4H, and it's net outflows – probably some profit-taking as we bump up against resistance.
For entries longs $ETH : If you're feeling aggressive, jump in around current levels (3146-3150) but keep your stop super tight. More conservative? I'd wait for a dip back to the 3122-3130 support area or a clean break above 3168 with some real volume behind it.
Stop loss wise, aim for about 3% below your entry – that puts it in the 3055-3085 zone, which lines up with the MA20 and some solid support.
Targets $ETH : First one at 3190 (that's a 3.5% pop), and if it keeps going, 3215 for about 5.5%.
ETHUSDT
Perp
3,150.71
+1.15%
