【ETHUSDT Signal】Long | 4H Volume Breakout + Short Squeeze Structure

Price rallied from $2112 to $2177 with volume surge to 1.65M in the 4-hour candle on March 15 at 20:00 (UTC), 3.5x the previous candle. Subsequently on March 16 at 03:00 in the 1-hour candle, volume surged again to 990K as price violently broke through $2250 from $2179. Both key rallies accompanied by significant volume expansion, forming volume-price resonance.
Open Interest (OI) remained stable during the price breakout, indicating new capital represents genuine buying pressure rather than inventory capital competition. Current 1-hour RSI at 79.8 is in overbought territory, but 4-hour RSI at 75.04 shows sufficient upside momentum on larger timeframes. Buy/sell transaction ratio reached 0.59 during rally, confirming upside driven by active buying.
Order book data shows bid price (2240.63) with 89 contracts significantly higher than ask price (2240.64) with 60.6 contracts, buy depth advantage of 27.67%, displaying strong support below.

🎯 Direction: Long

⚡ Entry: 2235 - 2242

🛑 Stop Loss: 2218

🚀 Targets: 2290 / 2350

🛡 ️Strategy: Upon price reaching first target 2290, reduce position by 50%, move stop loss for remaining position to entry price.

Logic: The core driver of this rally is short squeeze. When price broke through the long-term consolidation zone of 2100-2120, both volume and buy ratio surged simultaneously, clear signal of major capital entry. Under current positive funding rate (0.01%), short holders continuously bear positive costs, and strong breakout of key resistance will force high-level shorts to exit for losses, creating upside fuel. Order book buy stack depth far exceeds sell stack, locking down short-term downside space. Path of least resistance is upward, utilizing short stop-loss orders to drive price testing higher resistance zones.
View Live Chart 👇 $ETHUSDT
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