Spot: $ETH/USDT

Entry Price: 3060
Target Price:

- TP1: 3200
- TP2: 3300
- TP3: 3400
Stop loss price: below 2982

Reason for Purchase:

1. Shape Confirmation:
- The daily chart forms a "double bottom" reversal structure (neckline at 3200), with a bottom depth of 218 (2982-3200)
- Measure of increase = Bottom depth × 1.618 = 352 → Target price 3 = 2982 + 352 = 3334 (actual rounded to integer 3400)
2. Trend Structure:
- The weekly level breaks through the 2024 downward trend line (connecting 3400 to 3300), and the price stands above MA(50) 3050.
- RSI(14)=58 (neutral to bullish), the expanding red bars of MACD indicate strengthening bullish momentum.
3. Breakthrough Potential:
- After breaking above 3200, open up the upward space of 3400+
- If an effective breakthrough occurs, it may trigger a 2.5 times leverage contract liquidation.
4. Indicator Verification:
- OBV indicator hits a new 20-day high, showing capital inflow
- Funding rate +0.155% (positive for 7 consecutive days), futures open interest exceeds 38 billion USD
- On-chain data: Exchange net flow - 1.2 million coins, whale holdings increased by 28%

Key Observations:

1. Support overlap: The stop-loss level of 2982 corresponds to the October 2024 low and the Fibonacci 61.8% retracement level.
2. Moving Average System: MA(200) 3045 coincides with the entry price 3060, forming strong support.
3. Volatility Expansion: The Bollinger Bands width has expanded to 5.2% (highest in the last 30 days), and the breakout direction may bring a single-day volatility of 15%+

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