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

$ETH The 1H level is sideways around 2350, with buy depth imbalance at only 0.22%, but the funding rate has turned positive to 0.0052%, indicating that the fuel for short squeeze is building up. The 4H Bollinger upper band at 2400.6 forms short-term resistance, and the 1H MACD shows a bearish crossover but the histogram is shrinking, suggesting weakening selling pressure.

If the price can find support in the 2341-2277 range, it’s a good opportunity for a setup.

⚡Entry: Place a buy order near 2341.26.

🛑Stop loss: 2206.26.

🚀Target 1: 2420.66.

🚀Target 2: 2492.13.

🛡️Trade management: - Execute strategy: halve the position at Target 1, and move the remaining stop loss up to the entry price. If the price cannot stabilize within the entry zone, abandon the trade.

Position remains stable, and the price is holding at a key level. This structure often indicates a potential direction after digesting weak hands. The 1-hour EMA50 around 2296 resonates with the lower boundary of the suggested entry zone for support. The risk-reward ratio is close to 1:1.4, making this position worth risking a small amount to seek continuation on the 4H timeframe.

Check real-time quotes 👇 $ETH
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#WCTC交易赛瓜分800万USDT #Gate13周年 #加密市场回升