Spot: $ETH/USDT

Entry price: 2980-2750
Target Price:

- TP1: 3380
- TP2: 3450
- TP3: 3580
Stop loss price: below 2680

Reasons for Purchase:

1. Shape Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 3380), with a bottom depth of 630 (2680-3310)
- Measure of increase = bottom depth × 1.618 = 1019 → Target price 3 = 2680 + 1019 = 3699 (actual rounded to integer 3580)
2. Trend Structure:
- Weekly level breaks the 2024 descending trend line (connecting 3580 to 3450), price stands above MA(50) 2875
- RSI(14)=42 (neutral to bullish), the shortening of the MACD green bars indicates a weakening of bearish strength.
3. Breakthrough Potential:
- After breaking above 3380, it opens up upward space of 3580+
- If an effective breakthrough occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a 20-day high, indicating fund inflow.
- Funding rate +0.155% (positive for 5 consecutive days), futures open interest exceeds 3.8 billion USD
- On-chain data: Exchange net flow - 820,000 pieces, whale holdings increased by 35%

Strategy Highlights:

- Batch positioning mechanism: The first position is established at 3050 (Fibonacci 38.2% retracement level), and the second position is added at 2750 (MA200 support), with an average price control at 2875.
- Volatility Compression: The Bollinger Bands width has contracted to 2.1% (the lowest in the last 30 days), and the breakout direction may bring a single-day volatility of 12%+
- Time window: Valid for 1 day, in line with market expectations before the Layer 2 expansion plan upgrade.

Risk Warning:

- Strictly implement a stop loss at 2680 to prevent breaking below the weekly ascending trend line (2600)
- Take profit in stages: sell 30% of your position at 3380 (neckline level), and then reduce position by 50% at 3450 (psychological level)

This content is for reference only and should not be considered as investment advice.