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$ETH Signal】1H timeframe narrow range convergence, waiting for a breakout direction
$ETH The 1H timeframe is experiencing extreme narrow range convergence within the 1970-1978 zone, with price tightly hugging EMA20 (1974.9) and EMA50 (1971.1), volatility has dropped to a freezing point, and a direction is about to be chosen. The 4H timeframe remains in a downward channel with oscillation correction, but the compression on the 1H timeframe is a sign of a potential reversal. Open interest remains stable, and the order book buy depth (1974.8-1974.91) is much greater than the sell side, indicatin