【$ETH Signal】Pullback to buy! 1H pullback confirmation, main force clearly intends to defend the market

$ETH On the 1H timeframe, after a rapid rally, a healthy pullback and consolidation are underway, with the price supported near key moving averages. The 4H timeframe has broken through the previous oscillation upper boundary, indicating a shift to a bullish trend. Current order book shows that although there are large sell orders at the best ask, there is dense buying support below, with the main force clearly aiming to defend the market. Open interest remains stable, funding rates are healthy, and no extreme crowding has occurred, leaving room for further upward movement.

🎯 Direction: Long

⚡ Entry/Orders: 1993.40 - 2002.74, staggered entries within the range

🛑 Stop-loss: 1993.40

🚀 Target 1: 2021.40

🚀 Target 2: 2030.74

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop-loss up to the entry price. If the price strongly breaks through Target 2, move the remaining stop-loss up to Target 1 to seek greater gains.

Deep Logic: The 1-hour chart shows the price pulling back to key moving average support, RSI falling from overbought to healthy levels, releasing overheat pressure. The 4-hour chart displays a healthy structure of volume expansion during upward movement and volume contraction during pullback, indicating that upward momentum has not exhausted. The order book depth shows that although there is short-term selling pressure above, the buy support below is stronger, and open interest remains stable during the pullback, suggesting that it is not main force distributing but bulls accumulating at key levels. Coupled with overall market sentiment warming, this pullback presents an excellent short-term opportunity.

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