【$ETH Signal】1H level buildup, multi-cycle brewing for upward move

$ETH The 1H level price stays close to the upper Bollinger band, EMA20 and EMA50 form a dense support zone between 2313-2318, buy order depth is imbalanced at 2.95%, and capital support is clear. The 4H MACD histogram contracts, bearish momentum weakens, and the price stabilizes above the middle Bollinger band.

🎯Direction: Long

⚡Entry: Enter immediately at 2318.13 current price, or place a pending order around 2310.

🛑Stop loss: 2287.19

🚀Target 1: 2400.48

🚀Target 2: 2438.24

🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining position’s stop loss moved up to entry price. If the price breaks below 2310 support, exit proactively without waiting for the stop loss.

In a negative fee rate environment, open interest remains stable, bears pay costs but fail to push the price below key support. This structure often signals a short squeeze brewing. Volume on the 1-hour chart shrinks during slight price retracements, indicating limited selling pressure. Combined with the narrowing of the 4-hour Bollinger bands, a reversal window is approaching, and the probability of an upward breakout is increasing. The risk-reward ratio exceeds 2, making this setup worth trying.

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