【$ETH Signal】Pullback to Long + 1H Level Rebound Confirming Support

$ETH After experiencing a sharp decline, the 1H level found support around 1950 and rebounded strongly. The current price is testing the 1-hour EMA50 (approximately 1976.5) for confirmation. Although the 4-hour level remains in a downtrend, the open interest remains stable and has not decreased significantly with the price decline, indicating that major players are not liquidating large positions. The order book shows substantial buy orders below 1980, while sell orders are stacked above 1982, forming a short-term resistance zone. The 1-hour RSI has rebounded from oversold territory to the midline of 50, and momentum is recovering.

🎯Direction: Long (Long)

⚡Entry/Order: 1976.5 - 1981.5

🛑Stop Loss: 1950

🚀Target 1: 2015

🚀Target 2: 2040

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price fails to hold above 1985 and falls back into the entry zone, consider it a weak signal and exit decisively.

(Order Book Logic: Despite the price decline, open interest remains stable, combined with negative funding rates, indicating a potential short squeeze. The 1-hour candlestick at the key support level (around 1950) shows a long lower shadow, indicating strong buying. The current pullback to the 1-hour EMA50 is a classic bullish entry setup, with buy orders below clearly dominant, fueling the rebound. )

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