🔥 $ETH Bullish Consolidating, I'd consider long here for 1-hour timeframe
Reviewing the provided 1h K-line data shows a significant volume spike on the bullish candle. This was a strong, high-volume move upwards. Recent candles, however, show declining volume (e.g., the last few candles have volumes around 20k-60k), indicating a loss of momentum and potential consolidation near the current price level. This suggests a pause after the earlier upward move.
Capital Flow Data: The contract net flow data is critical for momentum. The 1H flow is significantly positive (+64,7M), and the 2H and 4H flows are even larger (+101M and +120M). This is a very strong signal of capital entering the market, indicating bullish sentiment among leveraged traders. However, the 24H flow is negative (-226M), suggesting some profit-taking on a longer timeframe, but the short-term (1H-4H) inflows dominate for a 1h analysis. The spot flow data is less dramatic but shows positive inflows on the 1H, 2H, and 4H timeframes, corroborating the bullish contract flow.
Entry long $ETH : A pullback towards the strong support cluster around 3280 3285 USDT (near Support level 3275.47 and the MA20: 3287.99) would present a favorable risk-reward entry point for a long position. Alternatively, a confident break and hold above the resistance level of 3316.05 USDT on a 1h closing basis with increasing volume could be used as a confirmation entry.
Stop-Loss: should be placed below the next key support level at 3266.27 USDT.
Target Price $ETH : The primary target would be the resistance level at 3327.14 USDT. A more ambitious target would be a retest of the 24h high at 3317.17 USDT and beyond. #BTC100kNext? #USDemocraticPartyBlueVault #BTC100kNext? #BTCVSGOLD #SolanaETFInflows
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