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【$ETH Signal】Long | Volume and Price Rise Together Breakout Pattern
$ETH Price gently increased by 0.27%, but the key is that the open interest and spot buying volume are increasing simultaneously, indicating institutional entry rather than short covering. The price has formed a support level above 2950, which is a healthy confirmation stage for volume and price.
🎯 Direction: Long
🎯 Entry: 2955 - 2965
🛑 Stop Loss: 2925 ( Rigid Stop Loss )
🚀 Target 1: 3020
🚀 Target 2: 3080
$ETH Consolidating above the critical psychological level of 2950, open interest increased by 2.28 million coins, combined with continuous spot buying absorption, indicating that institutional funds are positioning. The price action shows low volatility and a prelude to a breakout, with a market structure leaning bullish. As long as the price holds above the 2940-2950 support zone, upward momentum will accelerate.
Trade here 👇 $ETH
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