【$ETH Signal】Pullback to Long! 1H Oversold Rebound, Main Force Showing Signs of Support

$ETH The 1H timeframe has formed a short-term bottom structure in the 1938-1960 range, and the price has moved far away from the 1H EMA20, indicating a technical rebound demand. Although the 4H timeframe is still in a downtrend, the open interest remains stable, and the funding rate is negative, suggesting increasing risk of short squeeze. The current price is at a low intraday level, making it an excellent opportunity to position for a rebound.

🎯Direction: Long (Long)

⚡Entry/Order: 1903.78 - 1938.82

🛑Stop Loss: 1885.00

🚀Target 1: 1980.00

🚀Target 2: 2020.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry average price. If the price fails to hold above 1950 and drops below the lower boundary of the entry zone again, abandon this trade.

Deep Logic: Despite the price decline, open interest remains stable, with no large-scale liquidation panic, indicating support from funds below. The 1-hour RSI has entered oversold territory, suggesting a need for technical correction. Market data shows heavy sell orders stacked above 1961.37; once this resistance is broken, a short covering rally may be triggered. Coupled with the negative funding environment, a short squeeze condition is brewing.

View real-time market 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #元宵赏月领红包