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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
🏆 Trade to share 160,000 USDT！
join now: https://www.gate.com/campaigns/3911
Announcement link: https://www.gate.com/announcements/article/49432
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Details: https://www.gate.com/announcements/article/47889
【$ETH Signal】Long | Healthy Breakthrough with Price and Volume Rising Together
$ETH Price gently increased by 0.11%, but the key is that open interest and spot buying are increasing simultaneously. This is a signal of main force entering the market, not a short squeeze.
🎯 Direction: Long (Long)
🎯 Entry: 2950 - 2965
🛑 Stop Loss: 2880 (Rigid Stop Loss)
🚀 Target 1: 3050
🚀 Target 2: 3150
$ETH Consolidating above the key psychological level of 2950, open interest (OI) and price are rising together, indicating that new long positions are being established. Market logic suggests "main force entering," showing strong buying absorption rather than passive short covering. Price action (PA) indicates a healthy reset with no significant selling pressure, building momentum for an upward continuation. Holding the support zone of 2900-2920 offers a higher probability path to test previous highs.
Trade here 👇 $ETH
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