【$ETH Signal】1H level pullback with volume reduction, hiding below the Bollinger lower band for a rebound

$ETH The 1H price stays close to the middle Bollinger band lower edge, with three consecutive candles closing below 2311, buy order depth imbalance reaching 9.5%, active selling pressure persists. The 4H MACD histogram narrows in negative territory, bearish momentum diminishes, but the price is still suppressed by the EMA20. The 1H volume shrinks, selling force weakens.

Price repeatedly tests the range between 2292.89 and 2320.45, with dense buy orders around 2288 below.

🎯Direction: Pullback to go long

⚡Entry: Conceal near the lower boundary of the 2292.89 - 2320.45 range, current price around 2304 for a light position test.

🛑Stop loss: 2362.91

🚀Target 1: 2235.53

🚀Target 2: 2193.07

🛡️Trade management:
- Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss to break-even. If the price cannot hold above 2320 and falls back below the entry zone, exit unconditionally.

The 1H RSI hovers around 47, not oversold, but the MACD fast and slow lines show a bullish crossover below the zero line, indicating bearish exhaustion may be near. The 4H lower Bollinger band at 2253 provides strong support, close to Risk Control Target 1. The funding rate is negative, indicating costs for short positions, but combined with the buy ratio of 1.21, there is decent willingness to support lower levels. The risk-reward ratio here is favorable, with odds in our favor.

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