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【$ETH Signal】Long + 1H pullback confirmation, main force's support intention is clear
$ETH The 1H level is supported near EMA20 (1981), just completing the digestion of the previous long upper shadow. The 4H level is stable above EMA50 (1961), overall in a oscillating upward channel, and the bullish structure remains intact.
🎯Direction: Long (Long)
⚡Entry/Order: 1963.23 - 1975.00 (based on suggested_entry upper boundary and 1H support zone)
🛑Stop Loss: 1945.00 (break below key 1H low and 4H EMA50)
🚀Target 1: 2025.00
🚀Target 2: 2055.00
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining position's stop loss to the entry price. If the price strongly breaks through 2025 and stabilizes, move the remaining stop loss to 2000 to aim for Target 2.
Deep Logic: The past 24 hours saw nearly 5% increase, but open interest remains stable, indicating it’s not purely a short squeeze; there may be new funds entering. The latest 1H candlestick buy volume ratio has risen to 0.54, and the price has not broken below the key support at 1970 during the pullback, showing clear support from main force. The 1H RSI (55.78) is in a healthy zone, with potential for another upward move. The 1960-1970 area below is a dense trading zone with moving average resonance support, making it an ideal sniper point.
Check real-time market 👇 $ETH
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