【$ETH Signal】1H Triangle Convergence Ending, Awaiting Breakout Direction

$ETH 1H level price is oscillating narrowly above EMA20 (1961.5) and EMA50 (1960.6), forming the end of a triangle convergence, about to choose a direction. The 4H level remains in the 1955-1980 oscillation zone, but open interest (OI) is stable, funding rates are normal, and there are no signs of major players fleeing. Currently, the sell side (1962.01) has 334 orders, the buy side (1962) has 146 orders, with a depth imbalance of -29.87%, indicating slightly heavier selling pressure above, requiring increased volume for a breakout.

🎯 Direction: Watchful ( Orders )

⚡ Order Strategy:

1. Breakout Long Entry: If the price stabilizes above 1965.5 (Reason: Breaks recent 1H high and triangle upper boundary), it is considered a valid breakout.

2. Pullback Long Entry: If the price retraces to the 1955.5-1957 zone (Reason: 4H candlestick body support zone and EMA50_1H resonance support), it is considered a healthy pullback.

🎯 Entry/Orders:

- Breakout Order: 1965.5 - 1966.5 ( Reason: Confirmed breakout of the converging triangle )

- Pullback Order: 1955.5 - 1957.0 ( Reason: Retracement to key support zone )

🛑 Stop Loss:

- Breakout Order: 1959.0 ( Reason: Break below the breakout start point and EMA20_1H )

- Pullback Order: 1952.0 ( Reason: Break below previous low and 4H structure support )

🚀 Target 1: 1978.0 ( Reason: 4H level previous high resistance )

🚀 Target 2: 1988.0 ( Reason: 1.618 Fibonacci extension level )

🛡️ Trading Management:

- Position Suggestion: Light position. Reason: The direction is unclear; add more after breakout or pullback confirmation.

- Execution Strategy: Once any order is triggered, reach Target 1 and reduce position by 50%, with remaining stop loss moved to entry price. If momentum does not continue and price quickly falls back into the entry zone, exit immediately.

Depth Logic: Currently, 1H RSI is at 51, in a neutral zone, with room for upward divergence. 4H ATR is 28.3, indicating increased volatility upon breakout. Stable OI suggests a standoff between bulls and bears, awaiting catalysts. Focus primarily on upward breakout, as the 1H moving averages are already showing a bullish arrangement. If the price breaks below 1955, the short-term structure weakens.

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