【$ETH Signal】Pullback to EMA50 support, 1H level oversold rebound imminent

$ETH 1H level MACD histogram negative value sharply expanding to -9.49, RSI dropping to 35.53, short-term selling pressure fully released. The lower band of the 4H Bollinger Bands near 2263 creates attraction, but the current price of 2337 is already close to the 1H lower band support. Market depth shows serious imbalance in buy orders, with sell orders far exceeding buy orders. This kind of depth structure often triggers short covering rebounds after sharp declines.

Price falling back to the 2322-2344 range can directly go long, and the current price of 2337 is already within this range.

Defense should be placed below 2304; a breakdown would break the bullish structure.

The first target is 2424, which is the middle band of the 4H Bollinger Bands and the previous small platform resistance level.

The second target is 2464, corresponding to the upper band of the 4H Bollinger Bands and recent rebound high area.

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 2340 and quickly falls back into the entry zone, decisively exit and observe.

The 4H MACD still maintains a golden cross but the histogram is shrinking, indicating the trend has not fully turned bearish. The 1H consecutive bearish candles with no significant volume increase are a volume-less decline. Combining EMA50 (2327) with the current price approaching, downward support begins to show. This position offers a good risk-reward ratio, worth taking a small stop-loss to attempt a return to the midline.

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