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【$ETH Signal】1H Break above the upper Bollinger Band, pullback to go long
$ETH 1H MACD bullish bars enlarge, price breaks through the upper band at 2303, funding rate -0.0011% slightly bearish but buying depth is 1.79, selling pressure is quickly absorbed. 4H Bollinger Bands opening upward, middle band at 2278 forming support. RSI 1H at 71.24 high but no divergence, bulls still controlling the rhythm.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 2286.8 - 2299.4
🛑Stop Loss: 2268.5
🚀Target 1: 2323.4
🚀Target 2: 2341.7
🛡️Trade Management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
Depth logic: 1H volume surged to 450k at 12:00, then volume decreased at 13:00 with price rising, indicating limited selling pressure at high levels. Open interest stable, negative funding rate may trigger short covering. Current risk-reward ratio is average, but volatility is sufficient, short-term opportunity is clear.
Check real-time market 👇 $ETH
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