ETH 1 Hour (1H) Chart February 6

📉 Stage One: Rapid V Reversal
Start (2.6 08:00 - 2.7 01:00) Bottom Explosion (Spike): The market started with an extreme low point at 1740 and rebounded with increased volume.
Urgency (: During this rally, almost no candlesticks had real bodies less than 30%, indicating very pure bullish strength. The price quickly broke above the 20 EMA, completing the transition from a "bearish trend" to a "bullish breakout."
From 08:00 on the 8th to 05:00 on February 8
📊 Stage Two: Pullback Confirmation and Channel Formation )2.7 01:00 - 2.7 08:00(
EMA Support Validated: The price experienced a standard pullback near 1970 to the 20 EMA, then triggered tB again.
🧱 Stage Three: High-Level Horizontal Range )2.7 08:00 - 2.8 05:00(
Trading Range )TR( appears: The price entered a rectangular box marked in blue in the chart )2050 - 2090(.
Barbed Wire )Wire Mesh(: The structure indicates a balance between bulls and bears and has no breakthrough reference value.
💡 Core Observation and Future Analysis Current State: Tight Balance.
The price (around 05:00 on 2.8) is moving sideways along the 20 EMA.
**"Accumulating Power"**.
Breakout Direction
Bullish Breakout: If a candlestick closes above 2100 with a real body > 50% and triggers tB, then the second wave of rise starting from 1740 (Measured Move) will target 2200.
Bearish Breakout: If the price falls below the lower edge of the blue box (2050) and closes below the EMA, the rebound momentum at the 1H level will be considered ended.