【$ETH Signal】Long - 1H breakout with volume, clear signs of main force supporting the market

$ETH The 1H timeframe has just completed a volume breakout, with the price stabilizing above the EMA20 (2055), showing strong momentum. Although the 4H chart remains in a downtrend, the strong rebound on the 1H timeframe has formed a short-term short squeeze structure. Open interest (OI) remains stable under negative funding rates, indicating shorts are being squeezed. The current price consolidates around 2096, which is a healthy pullback after the breakout.

🎯Direction: Long (Long)

🎯Entry/Order: 2095.0 - 2097.0 (Reason: Pullback after 1H breakout confirms support zone, heavy buy orders on the order book )

🛑Stop Loss: 2080.0 (Reason: Break below the start of the 1H bullish candle and EMA20 support )

🚀Target 1: 2115.0 (Reason: Fibonacci 0.382 retracement of the previous 4H decline )

🚀Target 2: 2140.0 (Reason: 4H EMA50 and previous small platform resistance )

🛡Trade Management:

- Position size suggestion: Standard position (Reason: Clear momentum on 1H, risk-reward ratio >1.5 )

- Execution strategy: After reaching 2115, reduce position by 50% and move stop loss to entry price 2097. Remaining position aims for 2140 target; if price stalls above 2130, consider taking profit early.

Deep logic: 1H RSI hits 76.34, indicating short-term overbought conditions, but this is characteristic of a strong breakout, not an immediate reversal signal. The key is whether the price can hold above 2090. The order book shows a large sell order at 2096.81 (69.459 units), a typical resistance test. If broken through, it will trigger short stop-loss orders. OI trend remains stable, with negative funding rate at -0.0021%. Combined with rising prices, this indicates an early stage of a short squeeze, with clear main force support.

Trade here 👇 $ETH

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