【$ETH Signal】1H level breakout, sniper short squeeze market

$ETH The 1H level just broke above the Bollinger upper band with volume, the price is above 2216. The 4-hour MACD histogram is still contracting, but the 1-hour MACD fast and slow lines are golden cross, and the histogram is significantly expanding, indicating short-term momentum is strengthening.
Market depth shows sparse sell orders, buy orders are concentrated around 2190-2200, with clear capital support intentions.

Price can directly go long within the 2203 to 2212 range.

Set stop loss below 2170.

First target near 2297.

Second target at 2339.

🛡️Trading management:
- Execution strategy: After reaching the first target, cut half of the position, and move the remaining stop loss to the entry price. If the price retraces back to the entry point, exit unconditionally.

The 1-hour moving averages are starting to diverge upward, with EMA20 crossing above EMA50. The 4-hour price has re-entered above the middle band, but overall it remains oscillating between the upper and middle Bollinger bands.
Considering the currently extremely low funding rate, short positions have very low holding costs, and if the price continues to rise, it can easily trigger a short squeeze. Under this structure, the risk-reward ratio is favorable, and the odds favor the bulls.

Check real-time market 👇 $ETH
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