【$ETH Signal】Pullback to go long, 1H level accumulating for launch

$ETH 1H level is consolidating and ranging around 2360, with bid depth nearly twice that of the ask side, clearly indicating the intention of capital support. The 4H MACD histogram bars are still expanding, but the 1H histogram bars have started to contract; short-term momentum has slightly slowed down—this is a typical bullish continuation consolidation.

If the price can secure effective support in the 2347-2256 range, that would be an excellent position to lay in.

⚡Entry order: 2347.82

🛑Stop loss: 2193.76

🚀Target 1: 2382.11

🚀Target 2: 2444.89

🛡️Trade management: - Execution strategy: After the price touches Target 1, reduce the position by half; move the stop loss on the remaining position up to the entry price. If the price fails to hold above the entry zone and breaks downward in reverse, abandon this trade.

In the 1-hour chart, RSI has fallen from the overbought zone of 74 back to neutral, providing a healthy pullback space. On the 4-hour chart, the upper band of the Bollinger Bands at 2365 forms short-term resistance, while the midline at 2244 and the EMA20 form a strong support zone. Open position volume is stable, with no signs of large-scale capital withdrawal. Combined with active order book depth, this looks more like a proactive profit-taking than a trend reversal. The risk-reward ratio is close to 1:2, and the risk is controllable.

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