【$ETH Signal】Pullback to Long! 1H Level Retracement Confirmation, Main Force Supports the Market with Negative Funding Rate

$ETH After intense fluctuations in the 1940-1960 range on the 1H chart, the price is now retracing to a key support zone. Although the 4H chart remains in a downtrend channel, the 1H chart shows that the price has been supported multiple times in the 1926-1935 area by buy orders, and open interest remains stable, not decreasing with the price drop, indicating that the main force has not exited the market. The current negative funding rate provides natural fuel for short squeezes.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 1926.70 - 1946.16 range

🛑Stop Loss: 1915.00

🚀Target 1: 1975.00

🚀Target 2: 2000.00

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price stalls near Target 1, consider taking full profit.

Depth Logic: The price is falling but open interest remains stable, which is a typical sign of a shakeout and accumulation rather than a main force distribution. The 1-hour RSI has rebounded from oversold territory to neutral, indicating momentum is recovering. Market depth shows a large number of sell orders stacked above 1946.25; once absorbed by buy orders, a quick short squeeze could be triggered. The 1926-1935 zone is a strong support tested multiple times recently, combined with the negative funding rate, making it an excellent low-risk long entry zone.

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