The Bullish Pattern Nobody Is Watching

ETH 4H just printed a three white soldiers pattern on the last candle — three consecutive green candles with higher closes, a strong bullish continuation signal that appeared on only 2% of candles in the past 90 days. This isn't a coincidence. The pattern formed at 1971 USD, squeezed between EMA 9 at 1971.86 and EMA 21 at 1981.87 — a compression zone only 9 USD wide.

The MACD histogram flipped positive at 3.16, the first positive print in 6 candles. This confirms momentum is shifting. RSI sits at 51.74 — neutral, with room to run before overbought territory. Unlike the crowd chasing BTC at all-time highs, ETH is setting up from a discount with fresh bullish structure.

The Sentiment Contradiction

Fear & Greed Index sits at 9, Extreme Fear. Funding rate is slightly positive at 0.00158%, meaning longs are paying a premium to hold. Open interest is flat at 3.49 billion USD with zero liquidations in 24 hours — the market isn't forcing anyone out, but positioning is quietly building.

Here's the tension: extreme fear typically precedes bullish reversals, especially when price has been compressing. The three white soldiers formed in the middle of this fear. Either the market is wrong, or this is exactly the setup that traps the bears when momentum breaks.

The Setup

• Entry: Long above 1995.56 (last resistance touch, confirms breakout)
• Stop: Below 1935.27 (support cluster, invalidation if structure fails)
• TP1: 2031.28 (previous swing high, 2 touches)
• TP2: 2107.67 (measured move from compression range)
• R:R: 1:2.4

What Would Change My Mind

A 4H close below 1935.27 with volume kills the setup — that support cluster held for 30 candles, and a breakdown there means the compression resolves bearish. Also watching BTC: if BTC dumps hard from these levels, ETH follows regardless of its own structure.

Where is your invalidation? Drop your levels below. NFA.