【$ETH Signal】1H Pullback Confirmation, Lurking for Rebound and Sniping

$ETH The 1H timeframe is oscillating narrowly around 1980, with the price having fallen below the 1-hour EMA20. However, the 4H timeframe has formed a strong support zone between 1970-1990, and open interest remains stable without signs of panic selling. The current price is testing a key support level on the 1-hour chart. RSI indicates neutral to weak momentum but is approaching oversold territory, suggesting a technical rebound may be needed. Market depth data shows buy orders far exceeding sell orders, indicating strong institutional support.

🎯Direction: Long (Buy on Pullback)

⚡Entry/Order: 1943.9 - 1965.7

🛑Stop Loss: 1928.0

🚀Target 1: 1995.0

🚀Target 2: 2020.0

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Trail the remaining position with a stop loss; if the price falls back to the entry level, exit automatically to protect capital.

(Order Book Logic: Although the 1H short-term trend is weak, the 4H structure remains intact, with the price repeatedly testing the key support zone. Stable open interest indicates indecisiveness between bulls and bears, while order book imbalance shows strong buy support below. This is a typical accumulation pattern in a ranging market. Negative funding rates also reduce the cost of holding long positions, creating favorable conditions for a rebound. )

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