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ETH Analysis for 6 Feb 2026

2026-02-06

Hourly ETH analysis for 2026-02-06 shows a pronounced near-term consolidation followed by a directional shift. Prices moved from 2569.76 at 00:00 to 2743.30 at 17:30, marking a 6.8% swing inside a 2548-2744 band. The 50-hour moving average sits near 2650, with a bullish crossover at 14:30 as closing prices breached 2676, suggesting momentum to the upside. Trading volume peaked at 0.032 while the 05:45-06:00 block, spiking from 0.00005 to 0.032, indicates a liquidity surge that validated the 2644-2674 support at 05:45 and the 2674-2707 resistance set later.

The 04:15-06:30 interval created a clear higher-low formation, establishing 2615-2635 as a key support cluster. A subtle decay in volume (0.000057) from 07:00 to 10:00 preceded a flat 2630-2640 range, signaling potential consolidation or pullback risk. The 16:15-17:15 slice broke 2707, passing the 2705-2715 resistance kink and suggesting a breakout scenario, yet a slight pullback to 2714 at 18:00 could test the 2705 support. Prices hovered near 2700-2725, so a stall around 2720 is plausible.

Key levels: 2548-2569 support, 2630-2655 mid-zone, 2705 resistance, 2730-2745 breakout horizon. Volume-driven spikes at 05:45 and 16:15 underscore entry-quality opportunities. However, a clampdown below 2615 could trigger a reversal, and a dip past 2705 could re-establish the old resistance. Momentum remains cautiously bullish, but liquidity fluctuations hint at transient retracements.


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