【$ETH Signal】1H breakout and pullback, funding rate mildly bullish

$ETH 1H price stays above the EMA20, the middle band of the 4H Bollinger Bands continues to rise, forming dynamic support. The order book shows balanced buy and sell depth, but the funding rate at 0.01% indicates bullish sentiment is not yet overheated, leaving room for mild short covering. Open interest remains stable, with no signs of large-scale profit-taking.

🎯Direction: Long

⚡Entry: Enter at the current price around 2378, or place staggered orders in the 2366.36-2390.14 range.

🛑Stop loss: 2347.33, a break below this level indicates short-term breakout failure.

🚀Target 1: 2475.76, corresponding to the previous high resistance zone.

🚀Target 2: 2518.57, an extension target after breaking the previous high.

🛡️Trade management:
- Execution strategy: Reduce half of the position after the price reaches 2475.76, and move the remaining stop loss up to the entry price. If the price fails to stay above 2390 and pulls back, consider exiting early to wait and see.

The current risk-reward ratio is close to 2:1, which is acceptable. Although the 1H MACD does not show strong signals, the price structure is stronger than the indicator, and such divergence often indicates early capital entry in strong coins. The key is whether buying support can be sustained above 2366; if it can hold, the upward space opens up.

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