【$ETH Signal】Long - 1H breakout and pullback confirmation, main force clearly defending the market

$ETH The 1H timeframe, after experiencing a massive rally, is currently in a healthy pullback confirmation stage. The key point is that the price precisely retraced to the 1H EMA50 (1972.55) and 4H EMA20 (1973.46) convergence support zone, which is exactly our optimized entry area. A long bullish candle on the 4H chart broke through the recent consolidation range, indicating a trend reversal to bullish. Currently, the order book shows buy orders significantly thicker than sell orders, with an imbalance of 55.73%, indicating strong support below. Negative funding rates combined with stable open interest suggest a risk of short squeeze, and the main force’s intention to defend the market is obvious.

🎯Direction: Long (Long)

⚡Entry/Order: 1972.55 - 1987.93

🛑Stop Loss: 1905.00

🚀Target 1: 2089.00

🚀Target 2: 2150.00

🛡️Trading Management:

- Execution Strategy: When the price reaches Target 1 (2089), reduce position by 50%, and move the remaining stop loss to the entry price (break-even). If the price fails to break above the previous high of 2089 and falls back into the lower end of the entry zone, consider it weak and exit decisively.

Order Book Logic: Over the past 4 hours, the price surged violently from 1919 to 2089, with trading volume spiking, which is a clear signal of main capital entering. Subsequently, on the 1H chart, a volume-contracted pullback to key EMA lines is a classic breakout retracement. The 1H RSI (63.6) has healthy retraced from overbought territory, preparing for another upward move. The order book shows a dense buy wall of over 180 ETH near 2036, providing immediate support. Open interest remains stable, and the price is holding firm, fitting the conditions of “negative rate + stable OI + firm price” for a short squeeze.

View real-time market 👇 $ETH

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