$ETH

Quick pump assessment;

Looking at these 2 H4 charts, the breakout last night was quite 'clean' in terms of structure:

Breakout candle: Long body, closing above EMA9/EMA21 clearly, volume higher than the previous base -> real buying power, not just a spike.

RSI(6) ~82 & Stoch K/D both >85 -> entering the overbought zone, so if MM wants to push further, they will usually have to 'lighten up' or go sideways to release heat, lure shorts + sweep long stop-losses.

OBV: Currently rising steadily, no negative divergence → money flow still supports the upward direction.

MACD: The distance from the Signal is widening, momentum remains positive.

Bollinger: Price touches the upper band, bands are expanding quite strongly -> a true breakout, but it may also need 1–2 candles of sideways movement/corrections to avoid 'running out of steam'.

Therefore:

If EMA9 H4 is held after the sideways/correction phase, there is a very high chance MM will use this area as dynamic support to push further.

If it breaks through EMA9 H4 with increased volume -> the possibility of transitioning to a deeper correction phase, towards EMA21 H4 or mid-band Bollinger to reset the force.

I lean towards the scenario:

Sideways for 1–2 H4 candles, forcing RSI to drop.

Lure shorts + sweep long stop-losses.

Hold EMA9 and push further if there is no significant spot selling pressure.

-> Conclusion: The collision zone of H4 with ema9 today will determine whether the pump wave continues or if it will correct towards ema21 or Middle Band boll to reset the force or not?

- If H4 closes red but there is supporting force maintaining the trend, look for entry points on 15m or H1, can surf Long (lock in profits early, tight SL, hold a portion according to the maintained trend)

- If H4 closes significantly red, with large volume losing dynamic support EMA9 (closing below), consider locking in a portion of profits as the major supports D1, D3 are already quite far away.