【$ETH Signal】1H breakout retest, bullish momentum continues

$ETH 1H level a single large bullish candle directly pierced the upper Bollinger band, the price rose from 2191 to 2235, buy depth imbalance reached -63.34%, short orders were swept clean. Although the 4-hour MACD is still below zero, the 1-hour MACD histogram has already turned strongly red and expanded, with the fast and slow lines forming a golden cross, which is a clear sign of short-term momentum leading. The price is now hovering above the 1-hour EMA20 and EMA50, which are converging around 2202 and 2208, forming the first line of defense.

After a slight pullback following the surge, it provides a good opportunity for a retest confirmation. The current price at 2232, within the range of 2214 to 2221, can be regarded as an effective retest entry zone.

⚡Entry: Enter long in batches within the range of 2214.25 - 2221.01.

🛑Stop loss: Must be placed below 2171.18 to allow enough volatility space.

🚀Target 1: First target at 2300.40, which is a previous high resistance zone.

🚀Target 2: Second target at 2343.47, near the 4-hour upper Bollinger band.

🛡️Trading management:
- Execution strategy: After the price hits 2300.40, reduce half of the position, move the stop loss of the remaining position to the entry price to lock in profits. If the price cannot hold above 2214 and falls back into the cost zone, exit unconditionally.

Order book data is interesting; sell depth far exceeds buy depth, yet the price is pushed up forcefully, indicating that the active buy order strength is very concentrated. The 1-hour RSI is at 63.73, not yet in overbought territory, with room above. Combined with stable open interest and slightly positive funding rates, this looks more like a healthy capital-driven move rather than a pure rate-driven short squeeze. The risk-reward ratio of 1.59 is reasonable, key is the strength of the retest support.

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