【$ETH Signal】Enter Long After Pullback Confirmation, Short Squeeze Play Under Negative Funding Rate

$ETH price has pulled back from the previous high of 2377, but the 4H-level trading volume has shrunk with selling pressure exhausted. The key phenomenon is that the price still holds above 2320 under negative funding rates, and the bid depth is significantly stronger than ask depth (depth imbalance -44.77%), which is typical of shorts in passive positions facing funding rate losses. The 1H-level price has found support near EMA20 (2320.9), combined with large orders stacking at 2320.36 (37 coins) in the order book, the intent to catch the bid below is clear.

🎯 Direction: Long

⚡ Entry: 2316 - 2322

🛑 Stop Loss: 2279

🚀 Targets: 2429 / 2489

🛡 ️Strategy: Close half position at target 1, move remaining stops to breakeven, and pursue higher targets.

View Live Chart 👇 $ETH
---
Follow me: Get more real-time crypto market analysis and insights!
#Gate广场AI测评官 #比特币站上7.5万美元 $BTC $ETH $SOL