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【$ETH Signal】Multiple callbacks, clear capital support
$ETH Funding rate -0.0038% but price stuck above 2390, buying pressure actively lifting the price.
1H Bollinger Band upper band around 2395 shows selling pressure emerging, volume shrinking as it pushes higher, bullish momentum weakening.
4H MACD is still expanding, but the price is approaching the upper band at 2399, short-term chasing high carries significant risk.
🎯Direction: Watch (reopen long positions on pullback)
⚡Entry/Order: 2378.81
🛑Stop loss: 2312.81
🚀Target 1: 2426.27
🚀Target 2: 2464.09
🛡️Trade management:
- Execution strategy: After order fills, if the price surges directly to Target 1, reduce position by 50% and move stop loss to breakeven.
- If it falls below 2370, exit early.
Depth logic: Negative funding rate combined with firm price forms a short squeeze foundation, but current price is just a step away from the 4H upper band, risk-reward ratio is not favorable.
Waiting for the price to retrace to the area between EMA20 (2345) and 1H middle Bollinger Band (2369) to go long, which aligns better with bullish momentum.
Check real-time market 👇 $ETH
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