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

$ETH The 1H timeframe has experienced a sharp rise yesterday and is currently in a healthy retracement and consolidation phase. The price is oscillating between 2050-2080, with the 1H EMA20 (2036) providing dynamic support. The 4H level has stabilized above EMA20 (1964), and the medium-term trend has shifted from bearish to bullish. The current negative funding rate (-0.0026%) combined with stable open interest (OI Stable) indicates that shorts are still paying fees, and the short squeeze logic continues. The order book shows buy orders accumulating around 2053, with a depth imbalance of -25.96%, clearly indicating that the main force is defending the market and rejecting deep pullbacks.

🎯Direction: Long (Long)

🎯Entry/Order: 2055 - 2060 (Reason: 1H consolidation lower boundary, pullback to confirm support)

🛑Stop Loss: 2035 (Reason: Break below 1H EMA20 support and key psychological level at 2050)

🚀Target 1: 2085 (Reason: Yesterday’s high resistance, also the previous high on the 1H level)

🚀Target 2: 2120 (Reason: Previous high resistance zone on the 4H level, ATR expansion point)

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 4H trend has turned bullish, 1H structure is clear, risk-reward ratio >1.5)

- Execution strategy: After the price reaches Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 2085, consider aiming the remaining position towards 2120.

Depth logic: Over the past 24 hours, the increase has been 8.53%, with volume and price rising together, indicating institutional activity rather than retail. The 1H RSI (62.48) has fallen from overbought territory to a healthy zone, preparing for another upward move. After consecutive bullish candles on the 4H chart, only minor retracement occurs, indicating strong consolidation. The key point is that open interest (OI) remains stable during price consolidation, with no significant capital outflows, showing that long positions are firm. Combined with the negative funding rate, this is a classic “rising + high OI + negative funding rate” short squeeze trilogy, with the main force aiming to force a squeeze. The support zone between 2050-2035 is dense and an excellent short-term target area.

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