Ethereum spot positioning on March 10th at 11:27 AM

【#Gate2月透明度报告 Signal】Pullback to go long! 1H retracement to EMA20, signs of main force defending the market under negative funding rate The 1H timeframe is at a critical support test of the EMA20 moving average. After falling from the high of 1.263, initial buying interest was seen around 1.252. The 4H timeframe maintains a sideways upward structure, with prices still holding above EMA50. The current negative funding rate indicates that bears need to pay fees, while open interest remains stable. There has been no panic selling, which is a typical precursor to short squeeze. 🎯 Direction: Long ⚡ Entry/Order: 1.238 - 1.240 🛑 Stop Loss: 1.233 🚀 Target 1: 1.245 🚀 Target 2: 1.248 🛡️ Trading Management: - Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 1.240. Hold the remaining position to aim for Target 2. If the price falls back to the entry level, automatically exit to protect capital. $NEAR Depth Logic: Market data shows over 2 million buy orders clustered between 1.234 and 1.240, providing strong support. The 1-hour RSI is around 55, with healthy momentum and no overbought signals. Combined with negative funding rates and stable open interest, this indicates that short positions are accumulating costs. Once the price stabilizes and rebounds, a short squeeze is highly likely. The recent test low of 1.233 is a clear defensive level. $NEAR Check real-time quotes 👇 ( --- Follow me: Get more real-time analysis and insights on the crypto market! )$NEAR $BTC

From a technical perspective, BTC stabilizing above 70,000 could see it testing 71,000, while losing that level may find support at 67,500; ETH breaking through 2,050 could test 2,100, and falling below 1,970 might lead to a dip toward 1,930.$ETH In the short term, the market is mainly oscillating within a range. It is advised not to chase blindly.$BTC