🔥 $ETH Bearish consolidation with short-term oversold bounce potential. For trading on 1-hour timeframe, I'd go long for counter-trend bounce play
Recent 1h candles show volume expansion during downside moves and contraction during rallies, confirming bearish volume signature.
Capital Flow: Critical net outflows across timeframes:
1H: -173.87M USDT
4H: -364.27M USDT
24H: -268.08M USDT
The consistent outflows across short and medium-term periods confirm institutional distribution, though the magnitude decreases in recent hours.
Entry longs $ETH : Ideal entry zone: 3265-3280 USDT (S1 support confluence with oversold RSI/KDJ)
Aggressive entry: Current price (3291.6) with tight stop. Confirmation signal: Bullish engulfing candle on 1h with volume >400K
Stop Loss: 3.5% below entry (3180-3200 USDT range). For Rationale Stop loss: Below support (3243.96)
Target Prices $ETH : Primary: 3316 USDT (Resistance + MA20 confluence)
Secondary: 3346 USDT (next resistance)
