$ETH Signal | Buy on Pullback, 4H Moving Average Support

$ETH is facing resistance at the 4H Bollinger Band upper band at 1838.8. The 1H MACD bullish histogram is shrinking, indicating weakening buying pressure. The current price is consolidating around 1816, with a negative bias of 10.13% and slightly thick sell orders.

My assessment: With a stop-loss distance of approximately 1% and a risk-reward ratio of 1.5, entering the market at this level offers reasonable risk-reward.

🎯 Direction: Long

⚡ Entry/Pending Order: 1810.5620 - 1816.0100

🛑 Stop-Loss: 1797.8499

🚀 Target 1: 1843.2502

🚀 Target 2: 1856.8702

🛡️ Trade Management:

- Execution Strategy: Reduce position by 50% upon reaching Target 1 and move the stop-loss to break-even. If the price falls back to the entry point, automatically exit the position to protect your principal.

The 4-hour moving average cluster at 1794-1761 provides support. The 1-hour RSI is 57, not overbought. The funding rate of 0.0013% is normal, and the probability of a short-term pullback is low.

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$ETH ‌