【$ETH Signal】Pullback to Long + 1H Level Support Confirmation, Main Force Showing Signs of Price Support

$ETH The 1H level has experienced a strong rally and is currently in a healthy retracement consolidation phase. The price is supported around 2070, with the 1H EMA20 (2055.9) forming a dynamic defense line. The 4H level has broken through the previous oscillation zone upper boundary, indicating a shift to a bullish trend. The current pullback presents an excellent second entry opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 2070 - 2075 (Reason: 1H level support confirmation zone, enter near current price )

🛑Stop Loss: 2055 (Reason: Break below 1H EMA20 dynamic support, and the previous 4H candle low point )

🚀Target 1: 2100 (Reason: Previous high resistance level, also an integer psychological level )

🚀Target 2: 2135 (Reason: Extended target based on recent ATR measurement )

🛡️Trade Management:

- Position Size: Standard lot (Reason: 4H trend has turned bullish, 1H retracement structure is clear, risk-reward ratio >1.5 )

- Execution Strategy: After price reaches 2100, reduce position by 50% and move stop-loss to entry price. Hold remaining position to target the second level; if price retraces to break-even point, exit all.

Deep Logic: Market logic indicates upward movement, combined with stable OI, suggesting this is not just a pure short squeeze but a healthy retracement after main force entered. Market depth shows a large sell order at the ask price (2070.54) with 81.14 ETH, creating short-term resistance. Once broken, it will accelerate upward. The 1H RSI (61.33) is in a healthy zone, leaving room for further upside. Negative funding rates imply persistent short pressure, hinting at potential short squeeze opportunities.

Trade here 👇 $ETH

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