【$ETH Signal】Pullback to buy, 4H Bollinger lower band supports funds

$ETH The 1H timeframe price has broken below the EMA50 critical line, and the 4H Bollinger Bands are opening downward, with the price near the lower band. The MACD lines are continuously diverging below the zero axis, indicating ongoing bearish momentum. However, the current 1H RSI has dropped to 29.4, entering oversold territory. The order book is rapidly withdrawing orders, with thin sell-side depth. There are thick orders around 2020 below, fully exposing the support from funds.

🎯Direction: Long

⚡Entry/Order: 2018 - 2020

🛑Stop Loss: 1999

🚀Target 1: 2101

🚀Target 2: 2142

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Position size remains stable; the price decline has not triggered large-scale liquidations. Market selling pressure is mainly driven by short-term sentiment. The 1-hour buy-side depth is more than twice the sell-side, with clear support from large orders. Negative funding rates suggest crowded short positions. Once the price stabilizes, a short squeeze rebound could be strong. The risk-reward ratio exceeds 4, making this position worth accumulating.

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