On the H1 timeframe for ETHUSD, the price has been consolidating near key support levels following a corrective phase. Recent candles show a breakout above the critical support at 1688.72, with increased volume confirming the bullish momentum. The price action reflects a strong reversal pattern, as the close above this level suggests a shift in control to buyers. The consolidation phase has been characterized by lower highs and lower lows, but the recent bullish breakout signals a potential trend reversal. The support at 1688.72 acts as a psychological anchor, and the current setup indicates a high probability of continuation upward.…

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