【$ETH Signal】Pullback to go long, 1H level charging up for launch

$ETH The 1H level price is closely hugging the upper Bollinger Band, the 4H MACD histogram is strongly expanding, but the 1H MACD momentum is slightly contracting, indicating a healthy pullback is needed in the short term. Market depth shows buy orders are imbalanced, with selling pressure dominating, providing an opportunity for a pullback.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Layered entries within the 2353.46 - 2396.95 range.

🛑Stop loss: 2313.61

🚀Target 1: 2433.17

🚀Target 2: 2473.03

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by half and move the remaining stop loss up to the entry price. If the price fails to hold above the upper boundary of the entry zone and weakens, exit proactively.

The 4H EMA20 and EMA50 have formed a bullish alignment, indicating a solid medium-term structure. The 1H RSI is approaching 70 but has not entered the extreme overbought zone. Combined with market depth data, it appears to be profit-taking rather than a trend reversal. The funding rate at 0.008% is in a healthy bullish range, showing no signs of euphoria, leaving room for further upside. Stable open interest indicates confidence among holders. A pullback to the 1H EMA20 or the middle band of the 4H Bollinger is an ideal entry point. The risk-reward ratio is close to 1:2, making this setup worth trying.

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