$ETH Signal | Long | 1H Volume Breakout + Negative Funding Rate Short Squeeze

$ETH 1H chart volume breaks through the 1700 level, Bollinger upper band near 1710 faces testing resistance. 4H MACD momentum bars continue to narrow, bullish momentum building. Order book depth shows dense sell orders, but with a negative funding rate of -0.0093%, short bets remain, and the firm price indicates strong buying support. Currently, the risk-reward ratio is about 1.5, making it worth betting on a continued rebound.
🎯Direction: Long
⚡Entry/Order: 1697.5720 - 1702.6800
🛑Stop Loss: 1685.6532
🚀Target 1: 1728.2202
🚀Target 2: 1740.9903
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Funding rate is deeply negative but price stabilizes, risk of short covering increases, favoring short-term momentum. 1H RSI is at 64, not yet overbought, with room to rise.
Check real-time market 👇 $ETH
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