【$ETH Signal】Pullback to go long, 4H trend continues

$ETH 1H MACD histogram turns negative, but price is holding above EMA20, a typical bullish consolidation. The 4H MACD golden cross continues to widen, trend momentum intact. The order book shows buy depth 61% thicker than sell, indicating clear capital support.

Price is currently pulling back to the 1-hour EMA50 support, with the current price around 2398, which can be directly tested for long entries.

⚡Entry: 2386.79

🛑Stop Loss: 2313.22

🚀Target 1: 2431.12

🚀Target 2: 2470.42

🛡️Trade Management: - Execute strategy: halve the position at Target 1, move the remaining stop loss up to the entry price. If the price breaks below 1H EMA50 and rebounds are weak, exit early.

The middle band of the 4H Bollinger Bands at 2328 has shifted from resistance to support, resonating with EMA20. Although a top divergence pattern appears on the 1-hour chart, volume is shrinking, more like bulls gathering strength. The current funding rate of 0.94% remains healthy, with no extreme short squeeze risk. Stable open interest indicates confidence among holders is intact; this pullback is an opportunity for those who missed the entry. The risk-reward ratio is close to 1:2, worth a try.

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