【$ETH Signal】1H pullback confirmation, prepare for 4H support rebound

$ETH The 1H timeframe is currently pulling back to test the key EMA50 support, while the 4H timeframe has entered a healthy correction after the previous breakout. The current price is 2063.9, exactly above the strong support zone formed by the 1H EMA50 (2044.4) and the 4H EMA20 (2035.5). The 1H RSI (48.51) is approaching the lower end of the neutral zone, indicating weakening bearish momentum. Open interest remains stable, and the negative funding rate suggests bears are in control, but the price has not dropped sharply, indicating potential for short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 2055.0 - 2060.0 (Reason: Pullback to 1H EMA50 support zone and previous 1H candle lows)

🛑Stop Loss: 2042.0 (Reason: Break below 4H EMA20 strong support and recent lows)

🚀Target 1: 2090.0 (Reason: Previous 1H high resistance)

🚀Target 2: 2110.0 (Reason: 4H previous high and 1.382 Fibonacci extension level)

🛡️Trade Management:

- Position Size: Standard position (Reason: Multi-timeframe support resonance, risk is controllable)

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If price stalls near Target 1, consider taking full profit.

Deep Logic: Order book data shows buy-side depth significantly exceeds sell-side (depth imbalance 67.91%), with large orders accumulated around 2063-2064, indicating strong market support. The 1H timeframe has formed a potential double bottom pattern; if the price stabilizes in the support zone with increased volume, a rebound will be confirmed. Stable open interest suggests this is not panic selling but healthy shakeout.

Trade here 👇 $ETH

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