【$ETH Signal】4H breakout and pullback, capital support intentions exposed

$ETH 1H level consolidating near the upper band of Bollinger, buy orders are 98% deeper than sell orders, capital support intentions fully exposed. Although the 4-hour MACD is converging, the fast and slow lines are still above the zero axis, and the bullish structure remains intact. Negative funding rates combined with stable open interest suggest the short squeeze logic of passive covering still holds.

Price around 2347 can go long directly, this position is the resonance zone of the 1-hour EMA20 and the 4-hour middle Bollinger band, with active buyers below.

Defense is set at 2243, a break below indicates the bulls' defense line has been breached.

First target is 2470, which is the upper Bollinger band of the 4-hour chart and the previous high pressure zone. Second target is 2546, breaking through opens up space above.

After reaching the first target, halve the position, and move the stop loss to the entry price. If the price falls back below 2347, actively exit and observe.

Order book imbalance is a hard indicator; a buy-sell ratio of 1.98 shows active buy orders far exceed sell orders. The 1-hour level closes consistently above EMA50, with selling pressure quickly absorbed. The 4-hour Bollinger band is opening upward, with the middle band providing dynamic support. The current risk-reward ratio exceeds 1:1, risk is controllable, and it’s worth using a smaller stop loss to bet on upward space.

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