【$ETH Signal】1H Bullish momentum is weakening, pullback to buy or breakout to chase longs

$ETH Current price 2333.45, 1H MACD histogram begins to contract, buying depth ratio is only 0.12, sell orders are dense.
The 4H Bollinger Band upper band at 2337.96 forms short-term resistance, trading volume has been shrinking for two consecutive hours, momentum clearly slowing down.
Watch the dense zone between EMA20 and EMA50 at 2322-2328, which is the recent support line for bulls.

🎯Direction: Long (buy on pullback or chase on breakout)

⚡Entry/Orders: 2322.59 - 2328.82 (buy on pullback to this range); if volume breaks above 2338 and stabilizes, then enter on a breakout at 2338.50

🛑Stop loss: 2310.19

🚀Target 1: 2366.08

🚀Target 2: 2384.71

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven (around 2333).
If the price falls back to the entry level, exit automatically to protect capital.

Depth logic: Negative fee rate -0.0011% combined with stable open interest, short positions have higher costs, and although buy support below is weak, the capital bottoming out near EMA20 is evident.
Currently, sell volume is large, but if the price quickly retests the support zone and rebounds, short covering pressure will push the price higher.
RSI on 1H is 64.86, not overbought, still room to rise.
Overall risk-reward ratio is 2.0, suitable for speculation.

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