【$ETH Signal】Long | 1H Level Pullback Pin, Obvious Signs of Mainforce Support

$ETH price precisely retested the convergence support zone of 1H EMA50 and 4H EMA20, with buy-side depth significantly exceeding sell-side, and the downside support is unusually strong.

🎯 Direction: Long

⚡ Entry/Pending Order: 2082.84 - 2084.44 (Pullback Long)

🛑 Stop Loss: 2079.00 (Slightly below 1H level previous low)

🚀 Target 1: 2115.00 (Resistance near previous high)

🚀 Target 2: 2135.00 (4H level extended target)

🛡 ️Trade Management:
- Execution Strategy: When price reaches the first target, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to entry price, achieving risk-free holding, allowing the remaining position to bet on trend continuation.

In-Depth Logic: Order book data reveals key information. Despite the slight pullback in price, the bid price (2095.72) has accumulated massive buy orders exceeding 72 ETH, forming a solid capital moat. Meanwhile, open interest (OI) remains stable without declining with the price drop, indicating shorts have not significantly opened positions to apply pressure. The current decline appears more like a deliberate wash and accumulation by long mainforce in front of key support levels. Combined with negative funding rates, shorts are paying costs. Once price stabilizes and rebounds, it's likely to trigger a chain reaction of short liquidations.

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