【$ETH Signal】1H breakout and pullback, bullish momentum continues

$ETH On the 1-hour level, a large bullish candle directly pierced through the upper Bollinger Band, with the price rising from 2191 to 2235, and buy order depth imbalance reaching -63.34%, clearing out all the sell orders. Although the 4-hour MACD is still below zero, the 1-hour MACD histogram has already turned strongly bullish and expanded, with the fast and slow lines crossing upward, a clear sign of short-term momentum leading. The current price is hovering above the 1-hour EMA20 and EMA50, which are converging around 2202 and 2208, forming the first line of defense.

After a slight pullback following the surge, it provides an opportunity for a retest confirmation. The current price of 2232 falls within the effective retest entry zone of 2214 to 2221.

⚡Entry: Gradually add long positions within the 2214.25 - 2221.01 range.

🛑Stop loss: Must be placed below 2171.18 to allow enough room for price fluctuations.

🚀Target 1: First target at 2300.40, which is a previous high resistance zone.

🚀Target 2: Second target at 2343.47, near the 4-hour upper Bollinger Band.

🛡️Trade management:
- Execution strategy: After the price hits 2300.40, reduce half of the position, and move the stop loss of the remaining position to the entry price to lock in profits. If the price cannot hold above 2214 and falls back into the cost zone, exit unconditionally.

Order book data is interesting; sell order depth is much greater than buy order depth, yet the price is pushed up stubbornly, indicating that the buying power actively consuming orders is very concentrated. The 1-hour RSI is at 63.73, not yet in overbought territory, leaving room above. Combined with stable open interest and slightly positive funding rates, this looks more like a healthy capital-driven move rather than purely rate-driven short squeeze. The risk-reward ratio of 1.59 is reasonable; the key is the strength of the retest support.

Check real-time market 👇 $ETH
---
Follow me: Get more real-time analysis and insights into the crypto market!
#Gate13周年Dr.Han公开信 $BTC $ETH $SOL