【$ETH Signal】Pullback to add long positions, 1H level capital support is obvious

$ETH 1H level price broke below the EMA20, and around 2047 a dense order wall formed; buy-side depth is far greater than sell-side. The 4-hour MACD histogram continues to weaken, but the 1-hour RSI has already dropped to 39 and has entered the short-term oversold zone. Open interest remains stable, and no panic-like outflows are seen.

🎯Direction: Go long

⚡Entry/Orders: 2038.2 - 2040.4

🛑Stop Loss: 2020.3

🚀Target 1: 2120.4

🚀Target 2: 2160.5

🛡️Trade Management:
- Execution Strategy: After the price touches the first target level, reduce the position by half; move the stop loss of the remaining position up to the entry price. If the price cannot hold above 2055, consider exiting early.

The current order book shows that buy orders are stacked below 2047, and the intention to support with capital is clear. On the 1-hour timeframe, three consecutive candles have closed near the lower Bollinger Band, but the sell-off volume has not significantly increased, showing signs of selling pressure exhaustion. The 4-hour timeframe is still below the middle Bollinger Band, and the structure is relatively weak; however, the short-term risk-reward ratio exceeds 4, making it worth setting up for a rebound. Market sentiment has shifted from chasing highs to watching, and at this time, the odds of a pullback to key support are more favorable.

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