【$ETH Signal】The 1H MACD strengthens; pull back to the lower Bollinger Band to go long

$ETH 1-hour MACD histogram turns red and expands, and after the price finds support near 2307 at the lower Bollinger Band, it rebounds. On the 4-hour timeframe, the price runs just below the Bollinger middle band at 2340. Buy-side order depth is imbalanced at -10.10%. The shorts actively press down, but signs of support below begin to show.

The price pulls back from below 2310, and the intention to provide capital support at this level is clear. Enter long directly at the current price 2327, or place orders around 2305.87 to set an ambush.

🛑Stop loss must be placed below 2287.38; once this level is broken, the hourly structure is completely ruined.

🚀First target: 2429.47, approaching the 4-hour Bollinger upper band.

🚀Second target: 2476.83, which is a prior supply zone.

🛡️Trade management:
- After the price reaches the first target, cut half of the position. Move the remaining stop loss up to the entry price. If the price cannot hold above 2340 and drops back into the opening position, exit unconditionally.

On the 1-hour timeframe, buy-side activity starts to pick up, and the most recent bullish candle’s volume increases. Although the 4-hour MACD is still below the zero line, the histogram is shrinking, indicating that bearish momentum is weakening. Combined with the negative funding rate, the cost of maintaining short positions is increasing. Once the price stabilizes, it can easily trigger short covering. My feeling from the chart is that the downward room is locked in, and the upside has more elasticity.

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