【$ETH Signal】Pullback to go long, 4H Bollinger middle band playing a game

$ETH 1H timeframe price is suppressed below the EMA20, but the 4H Bollinger middle band around 2346 shows deep buy orders, forming a clear support. The 1-hour MACD histogram narrows in negative territory, indicating weakening bearish momentum. Market data shows buy order ratio as high as 2.09, with strong active capital absorption.

Price directly enters around 2329-2333, which is the first line of defense for the bulls.

Stop loss must be placed below 2260, allowing enough space for fluctuations.

First target is 2468, the previous high resistance area on the 4-hour timeframe.

Second target is 2537, with a breakout potentially testing a higher liquidity zone.

After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 2330, it indicates failure to sustain, and a decisive exit is needed.

Position size remains stable, funding rate is only 0.0006%, with no obvious risk of short squeeze or long squeeze. The 1-hour RSI is around 45, in a neutral to slightly weak zone, providing room for a rebound. Although the 4-hour MACD shows a death cross, the price has not effectively broken below the key middle band support, which often signals a short-term momentum shift. The current risk-reward ratio is close to 1:2, making the risk manageable.

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