【$ETH Signal】Pullback to add longs + 1H pullback confirmation, main force clearly intends to defend the market

$ETH The 1H timeframe, after experiencing a sharp rise yesterday, is currently in a healthy pullback confirmation stage. The price is supported above the 1H EMA20 (2043.6), and the 4H level has stabilized above EMA20 (1964.2), indicating a shift from weak to strong overall trend. The current order book shows deep buy-side volume (60 large orders at 2056.5), and open interest remains stable, indicating that the main force has not exited. This is a typical strong consolidation, preparing for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 2052 - 2058 (Reason: 1H EMA20 dynamic support zone + recent small-level consolidation platform )

🛑Stop loss: 2037 (Reason: Break below the key 1H low of 2037.8 + ATR(1H)Lower band )

🚀Target 1: 2085 (Reason: Yesterday’s rebound high resistance level )

🚀Target 2: 2120 (Reason: Fibonacci 0.786 resistance zone below the 4H previous high of 2149.9 )

🛡️Trade management:

- Position suggestion: Standard position (Reason: 4H trend turning bullish, 1H structure clear, risk-reward ratio favorable )

- Execution strategy: After reaching Target 1 at 2085, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks through 2085 and stabilizes, the remaining position target can be set towards 2120.

Depth logic: The 4H chart shows a massive bullish candle breaking through the long-term downtrend, which is a strong reversal signal. Although the 1H RSI (59.8) has pulled back from overbought, it is a healthy correction. The key point is that open interest remains stable, and during the pullback, there was no sharp drop in volume, indicating this is not a bull panic exit but rather short covering and new longs accumulating on dips. The order book shows buy-side accumulation, with strong support below. Coupled with extremely low funding rates (0.0011%), there is no risk of a forced liquidation, leaving room for further upside.

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