【$ETH Signal】Long - 1H pullback confirmation, 4H trend continuation, strong support from main players

$ETH After experiencing a rapid surge, the 1H timeframe is undergoing a healthy pullback and consolidation, with the price building a platform between 2050-2075. The 4H timeframe has formed a clear bullish engulfing pattern, indicating a trend shift from bearish to bullish. Currently, the price is supported above the 1H EMA20 (2036), and open interest (OI) remains stable. In a negative funding rate environment, the price stays firm, suggesting potential for a short squeeze.
🎯Direction: Long (Long)
🎯Entry/Order: 2055 - 2060 (Reason: Dynamic support at 1H EMA20, previous platform upper boundary)
🛑Stop Loss: 2035 (Reason: Break below 1H EMA20 and previous low support, ATR-based stop loss)
🚀Target 1: 2100 (Reason: Resistance at previous high on 4H level)
🚀Target 2: 2150 (Reason: 1.618 Fibonacci extension level, corresponding to yesterday’s high area)
🛡️Trade Management:
- Position size suggestion: Standard position (Reason: 4H and 1H cycle resonance, risk-reward ratio >1.5)
- Execution strategy: After the price reaches 2100, reduce position by 50% and move stop loss to entry price. Hold remaining position for the 2150 target; if the price pulls back to 2060 and breaks below, exit all.
Deep logic: Market data shows that despite the price retreating from highs, open interest (OI) remains stable and does not drop sharply with the price decline, indicating that long positions have not exited en masse, showing strong consolidation. The 1H RSI (62.48) is in a healthy bullish zone with momentum for another rally. Order book data shows deep buy-side concentration around 2053 (63.8 ETH), forming a strong support. Coupled with negative funding rates, the high cost for short positions hints at a potential short squeeze.
View real-time market 👇 $ETH
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