【$ETH Signal】Pullback to go long, 1H level charging up for launch

$ETH The 1H level price is oscillating between the upper and middle bands of the Bollinger Bands, with EMA20 and EMA50 forming a dense support zone below. Although the 4H MACD histogram is shrinking, the fast and slow lines remain above the zero line, and the overall trend remains unchanged. Market depth shows buy orders account for up to 85%, indicating strong willingness to support lower levels.

The current price is 2362, located at the upper end of the suggested entry zone 2314-2350, making chasing for profit/loss ratio unfavorable. A better strategy is to wait for the price to pull back to the lower end of the zone.

🎯Direction: Buy on pullback

⚡Entry: Place a buy order near 2314.60

🛑Stop Loss: 2239.44

🚀Target 1: 2464.94

🚀Target 2: 2540.10

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by half, and move the remaining stop loss up to the entry price. If the price fails to pull back and instead surges directly, abandon this trade and never chase high.

The 1-hour RSI is around 60, indicating bulls still have room to exert strength. The Bollinger Bands on the 4-hour chart remain open, with momentum testing the upper band at 2443. Combined with negative funding rates and stable open interest, passive short covering could provide additional upward momentum. This pullback at this level is a gift for patient traders.

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