【$ETH Signal】Pullback to buy! 1H level stabilizes and rebounds, clear signs of main force supporting the market

$ETH After forming a double bottom structure around 1934 on the 1H level, the price is attempting to break above the short-term moving averages. Although the 4H level is still in a downtrend channel, open interest remains stable with no signs of panic selling, and the latest 1-hour candlestick buy volume ratio surged to 0.69, indicating active capital absorption at this level. Market depth shows a large accumulation of buy orders in the 1954.2-1954.3 range, forming a local support. RSI has rebounded from oversold territory, and short-term momentum is recovering.

🎯Direction: Long

⚡Entry/Order: 1921.0 - 1941.5 (recommend scaling in)

🛑Stop Loss: 1905.0

🚀Target 1: 1980.0

🚀Target 2: 2010.0

🛡️Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. The remaining position aims for Target 2 with a trailing stop. If the price retraces and breaks below the entry zone, abandon the trade.

(Depth Logic: The price declines but open interest remains stable. Coupled with negative funding rates, this looks more like long leverage liquidation rather than main force distribution. The sudden thickening of buy orders on the 1H depth chart is a typical market support behavior. Currently, the price is far from the strong resistance of the 4H EMA50, and there is a strong short-term rebound demand from oversold conditions. The key risk is that if the price cannot effectively break through the 1965 1H EMA20 resistance, it may test lower again. )

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