【$ETH Signal】Pullback to go long, betting on short squeeze

$ETH 1H timeframe repeatedly tests near the middle Bollinger Band, MACD histogram expanding negatively, buy volume 73% thinner than sell volume, very weak willingness of funds to support. 4H MACD bullish momentum shrinking, price suppressed below the upper Bollinger Band. Under negative funding rate environment, open interest remains stable, a short squeeze scenario is brewing.

Price pulls back to the 2322 to 2345 range, directly set up long positions.

🛑Defend below 2246.

🚀First target at 2474.

🚀Second target at 2550.

🛡️Trading management:
- Execution strategy: Take half profit at the first target, move stop-loss of remaining position to entry price. If price cannot stabilize within the entry zone, exit immediately and observe.

Order book depth is severely unbalanced, with far more active sell orders than buy orders, but negative funding rate increases the cost for short positions. Under this structure, a quick capital push can trigger short covering. The 1-hour EMA50 at 2329 is close to the lower boundary of the suggested entry zone, providing technical resonance support. Risk-reward ratio exceeds 1.3, making this setup worth a try.

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