【$ETH Signal】1H pullback + go long, negative funding rate short-squeeze expectation

$ETH 4H order book depth 56.42%, funding rate -0.0028%, and shorts remain under sustained pressure. The 1H Bollinger Bands tighten, and price drops from 2378 to around 2350, with dense orders placed below in the 2320-2330 range. The MACD 1H histogram is still negative but narrowing, indicating weakening bearish momentum. With a pullback under a negative funding rate, it often accelerates short covering.
🎯 Direction: Long (go long on the pullback)
⚡ Entry/Order: Place orders in the 2331.99 - 2358.16 range, preferably around 2335
🛑 Stop loss: 2302.75
🚀 Target 1: 2390.47
🚀 Target 2: 2419.71
🛡️ Trade management: After reaching Target 1, reduce the position by 50% and move the stop loss to break-even. If price falls back into the entry zone, automatically exit to protect principal.
Depth logic: OI remains stable; the negative funding rate makes short positions’ cost higher, and when price dips toward support it is easier to trigger a short squeeze. The 4H MACD bullish trend is not broken, the pullback structure is intact, and the risk-reward ratio is acceptable.
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