ETH 1-Hour Watch Log: Narrowing Consolidation, Waiting for a Breakthrough
Brothers, I just took a close look at the 1-hour structure of ETH, and the market is brewing a key move. Here are the technical details for you:
Bollinger Bands Extreme Contraction Upper Band 3459, Lower Band 3062, Middle Band 3260, price tightly hovering around 3308 in the upper zone. This extremely narrow contraction (amplitude only 0.43%) is very rare on an hourly level, often indicating that a large volatility is approaching. Remember: the tighter the contraction, the more explosive the breakout.
MACD Bearish Exhaustion Although DIF (46.57) is still below DEA (49.75), the green bars (-6.35) have noticeably shortened. This is a typical bullish accumulation signal, and once a golden cross forms, the hourly-level rebound will be quickly confirmed.
On-chain Heat Under Currents Although the detailed data is not shown in the diagram, the on-chain wallet activity and net outflow from exchanges that I monitor have been rising moderately for three consecutive days. Smart money is quietly accumulating during the fluctuations, while retail panic selling is actually decreasing.
Key Psychological Game at Critical Levels 3300 is not only a round number but also a previously dense trading zone. Here, there has been repeated grinding, and the main force is clearly cleaning up weak positions. Once it stabilizes above 3350 (the pink moving average pressure in the chart), the upper Bollinger Band at 3459 will be directly exposed to the attack range.
My view remains unchanged: a pullback is a gift, and the pattern determines the outcome. I emphasized in the previous analysis that "the structural bull market for ETH has not ended"; this time, the hourly-level contraction and fluctuation is precisely the last consolidation window before the breakout. The calmer the market news, the more the technical signals are worth focusing on.
In terms of operation: I have been gradually increasing my position near 3300 as planned, with a stop-loss set below 3250. After breaking 3350, I will consider chasing the upward position, with a target first looking at the 3450–3500 area.
The market always rewards patience and logic. My loyal followers know that my analysis is never ambiguous: shorter green bars + Bollinger contraction + on-chain accumulation, a triple signal resonance, means to go for it! Follow me, and let's witness how this round of hourly changes ignites the daily-level trend.
