【$ETH Signal】Pullback to go long, 4H trend not broken

$ETH The 1H level price has broken below all short-term moving averages, RSI has dropped to 38.5 entering oversold territory. The 4H Bollinger Band middle line around 2332 shows buying depth beginning to appear, MACD histogram is shrinking but the overall trend remains bullish. Market depth imbalance reaches -57.93%, after selling pressure is released, there are dense orders in the 2322-2353 range below, forming a natural buffer zone.

Price retraced to the recommended zone of 2322.60 - 2353.97, where you can directly enter long positions.

🛑 Stop-loss must be strictly set below 2303.98.

🚀 The first target is 2453.96.

🚀 The second target is 2503.95.

🛡️ Trading management: - Execution strategy: After reaching the first target, halve the position size, and move the remaining stop-loss up to the entry price. If the price cannot hold above 2350 and drops again, decisively exit.

The 1H MACD shows a death cross diverging downward, but the 4H EMA50 at 2327 and the Bollinger Band middle line together form support. The current funding rate of 0.0082% remains positive, open interest is stable with no signs of panic selling, indicating this decline is more like a leverage wipeout by bulls rather than a trend reversal. The 2320-2350 zone below offers a risk-reward worth trying.

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