【$ETH Signal】Pullback to go long, 1H momentum correction

$ETH After a sharp rise on the 1H timeframe, a pullback occurs. The EMA20 and EMA50 near 2070 form a dense support zone. Buying pressure is heavily imbalanced at 64.65%, with clear capital support intentions. The 4-hour chart has already broken above the Bollinger upper band, and the MACD histogram is still expanding, but the 1-hour RSI has fallen from a high of 74.6 to a healthy zone, providing momentum buffer for another upward push. Open interest remains stable with no signs of large-scale exits.

🎯Direction: Long

⚡Entry: Buy in stages within the 2068 - 2076 range

🛑Stop Loss: Below 2060

🚀Target 1: 2107

🚀Target 2: 2122

🛡️Trade Management:
- Execution Strategy: Halve the position after reaching the first target, and move the remaining stop loss up to the entry price. If the price cannot hold above 2085, consider exiting early.

Currently, the order book above 2130 shows sparse sell orders, indicating weak resistance breakout. The 1-hour buy pressure continues to absorb selling, funding rates remain healthy, and there is no extreme short squeeze risk. Under this structure, the risk-reward ratio when pulling back to key moving averages is more favorable, avoiding the passive trap of chasing highs.

View real-time market 👇 $ETH
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate广场四月发帖挑战 #假期持币指南 #加密市场行情震荡