【$ETH Signal】Pullback setup, betting on rebound and recovery

$ETH 1H timeframe repeatedly tests around 2000, with buy orders significantly deeper than sell orders, but the price is firmly held below the EMA20. The 4H MACD histogram begins to converge, indicating weakening bearish momentum. The order book is experiencing frantic cancellations, and such liquidity vacuum often signals an impending trend reversal.

🎯Direction: Long (order setup)

⚡Entry/Order: 1990.5 - 1993.9

🛑Stop Loss: 1961.0

🚀Target 1: 2124.0

🚀Target 2: 2189.0

🛡️Trade Management:
- Execution Strategy: After the price hits the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 2005, consider exiting early.

Position size remains stable; the price decline has not triggered large-scale liquidations, indicating that selling pressure is mainly from short-term speculators rather than major players. The 1-hour RSI hovers around 47, neither overbought nor oversold, leaving room for a rebound. The 1990-1995 zone below is a recent area of heavy trading volume, and combined with thick buy orders, the probability of forming a short-term bottom is increasing. The risk-reward ratio is close to 4:1, making it worthwhile to take a limited-risk bet on a technical rebound.

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