【$ETH Signal】Long + 1H Breakout and Retest Confirmation, Main Force Clearly Intends to Support the Market

$ETH The 1H timeframe is consolidating strongly above the EMA20, with the price stabilizing above the key level of 1950. The 4H timeframe has broken through the downtrend line, forming a bullish engulfing pattern, indicating a trend reversal. Currently, the price is oscillating narrowly around 1966, which is a healthy retest after a breakout and an excellent opportunity for a second entry.

🎯 Direction: Long (Long)

⚡ Entry/Order: 1963 - 1967

🛑 Stop Loss: 1948

🚀 Target 1: 1995

🚀 Target 2: 2025

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry point at 1967. Trail the remaining position for profit-taking; if the 1H closing price falls below EMA20 (around 1930), exit all positions.

Deep Logic: Data indicates a strong bullish outlook. The 1H RSI (62.72) is in a strong zone and not overbought. The 4H candlesticks are consecutively bullish, with buy volume ratio (0.51-0.64) favoring buyers, showing strong active buying. Open interest (OI) remains stable at a high level of 1.79 million, combined with a negative funding rate (-0.0034%) and rising prices, indicating a typical short squeeze structure. Market depth shows the best bid (1966.81) has a 50.6 ETH order, forming short-term resistance; once broken through, it will accelerate upward. Below, 1948 (confluence of 1H EMA20 and 4H opening price) is a strong support level.

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