【$ETH Signal】Long + 4H Bollinger Band middle band support, 1H funds underpinning

$ETH Bid depth ratio 0.58, sell side orders are significantly thicker, but price hasn't broken the 1700 integer level. 1H RSI 64.03 still has room before overbought, 4H MACD histogram is narrowing but the fast line is still above the signal line. Current risk/reward ratio is 1.5, stop loss distance about 1%, which is within intraday acceptable range.

🎯Direction: Long

⚡Entry/Pending Order: 1696.994 - 1702.100

🛑Stop Loss: 1685.079

🚀Target 1: 1727.631

🚀Target 2: 1740.397

🛡Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry level, exit automatically to protect principal.

OI is stable, funding rate 0.0063% is at normal level, no short squeeze or stampede risk. 1H candlesticks are repeatedly testing between 1700-1702, with EMA50 support near 1685 below, limiting short-term downside. The 4H Bollinger Band middle band is at 1618, far from current price. If bulls hold the 1690 area, it's likely to test the previous high of 1725.

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