【$ETH Signal】Pullback to Long: 1H Oversold Rebound, Clear Signs of Main Force Supporting the Market

$ETH The 1H timeframe has entered a severely oversold zone, with RSI below 36. Price is oscillating narrowly around 1934, and downward momentum is clearly weakening. Although the 4H timeframe is in a downtrend, open interest remains stable and has not decreased with the price decline, indicating that the main force is not unloading heavily but rather supporting the market at this level. Market depth shows buy orders far exceeding sell orders, with strong support below.

🎯Direction: Long

⚡Entry/Order: 1902 - 1922

🛑Stop Loss: 1885

🚀Target 1: 1960

🚀Target 2: 1990

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If price pulls back to the upper boundary of the entry zone and stabilizes, consider adding a small position.

(Depth Logic: The current negative funding rate indicates that bears need to pay fees, and combined with stable open interest, there is a possibility of a short squeeze. RSI divergence on the 1H chart is brewing, and the price is far from the 1H EMA20, suggesting a technical rebound is needed. Key support is in the 1900-1920 range, which is a previous dense trading area and an important psychological level on the 4H timeframe. )

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