$ETH Signal】Long after pullback confirmation, short squeeze play under negative funding rates



$ETH price has retreated from the previous high of 2377, but 4H-level trading volume is contracting with selling pressure exhausted. The key phenomenon is that price remains above 2320 under negative funding rates, and buy-side depth is significantly stronger than sell-side (depth imbalance -44.77%), which is typical passive short holding facing funding rate losses. 1H-level price found support near EMA20 (2320.9), combined with large orders stacked at 2320.36 (37 coins) in the order book, the downside support intent is clear.

🎯 Direction: Long

⚡ Entry: 2316 - 2322

🛑 Stop Loss: 2279

🚀 Targets: 2429 / 2489

🛡 ️Strategy: Close half position at target 1, move remaining to breakeven, targeting higher levels.

View live market 👇 $ETH
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