【$ETH Signal】Long! 1H pullback confirmation, main force clearly intends to defend the market

$ETH The 1H timeframe is strongly consolidating above the EMA20 (around 2119), just completing a test of the previous high area. The 4H timeframe is holding above the EMA50 (around 2015), indicating the mid-term trend structure is intact. Currently, the price is oscillating between the 1H EMA20 and EMA50, which is a healthy pullback and accumulation phase. The order book shows buy orders significantly outnumber sell orders, indicating clear signs of main force defending the market.

🎯Direction: Long

⚡Entry/Order: 2077 - 2123

🛑Stop Loss: 2050

🚀Target 1: 2180

🚀Target 2: 2250

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. The remaining position follows the trend with a trailing stop. If the price retraces and falls below the 1H EMA20 (around 2119), exit all positions.

Depth Logic: Position size remains stable. The price has not triggered large-scale profit-taking by bulls after the rally, indicating a consensus on bullish expectations. The 1-hour RSI is at 58, with healthy momentum and no signs of overheating. The order book shows buy orders are nearly twice as thick as sell orders, with a significant depth imbalance and strong support below. Despite negative funding rates, the price remains resilient, suggesting potential short squeeze opportunities. Coupled with the strong support at the 4H EMA50, this position is an excellent defensive counterattack point for bulls.

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