【$ETH Signal】Pullback to go long, 1H level charging up for launch

$ETH The 1H level is consolidating above the middle band of the Bollinger Bands, MACD histogram narrowing in negative territory, indicating weakening bearish momentum. The 4H MACD has formed a double line golden cross and continues to diverge upward, showing a healthy trend. Market depth shows buy orders are imbalanced at -59.44%, but the price has not dropped sharply, indicating clear support from funds.

🎯Direction: Pullback to buy

⚡Entry/Order: Enter directly when the price retraces to around 2372.80

🛑Stop loss: 2207.65

🚀Target 1: 2428.08

🚀Target 2: 2501.55

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above the entry zone and weakens, exit immediately.

The 1H RSI has fallen back from overbought territory to 72, providing a healthier basis for upward movement. The upper band of the 4H Bollinger Bands is near 2407, serving as the first potential resistance. Current open interest remains stable, and the funding rate is only 0.0082%, indicating no overheating, leaving room for further price gains. The risk-reward ratio is close to 1:3, making this setup worth a try.

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