【$ETH Signal】Pullback to go long, short squeeze structure begins to emerge

$ETH 4H timeframe price breaks above the Bollinger upper band, 1H RSI surges to 76, indicating a gap in buying pressure. But open interest remains stable, funding rate is only 0.01%, short squeeze fuel is sufficient.

🎯Direction: Pullback to go long

⚡Entry/Order: Buy in batches within the 2129 - 2151 range

🛑Stop loss: Below 2120

🚀Target 1: 2241

🚀Target 2: 2285

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

1H MACD histogram begins to contract, and slight divergence appears between price and indicator, indicating healthy profit-taking. On the 4H level, buy-side depth accumulates clearly below 2230, and selling pressure is quickly absorbed. Open interest has not decreased with the price surge, fully exposing the bottom support intent. Under this structure, chasing high directly is very risky, but retracing to moving averages is an excellent ambush opportunity. Risk-reward ratio exceeds 4, worth a try.

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