#ETH

Long entry strategy has entered the long hall, no doubling, low leverage, 6 years of quantitative data stability.
Current trend: High-level consolidation after a strong rally. The chart shows ETH experiencing a rapid surge from around 2174, encountering resistance at 2393.
Current pattern: Typical high-level triangle convergence. Price volatility is narrowing,
Volume: As the price consolidates sideways, trading volume has significantly shrunk compared to the rally phase, indicating that both bulls and bears have reached a temporary balance at this level and are accumulating energy for the next breakout.
Upward breakout (long) entry point: The price firmly stabilizes above the 2370 - 2375 range and breaks through the previous high of 2393 with increased volume. Confirmation signal: It is recommended to observe a 15-minute candlestick close above 2393, accompanied by a significant increase in volume. First target: around 2450. Stop-loss: 2340 (i.e., below the lower edge of the current consolidation platform).
Downward breakout (short) entry point: The price falls below the current oscillation midpoint support level of 2340. Confirmation signal: Two consecutive 15-minute candles with increased volume break below 2340, indicating increased profit-taking pressure among bulls. First target: around 2280 (support level during the previous rally). Stop-loss: 2375.