【$ETH Signal】Pullback to Long: 1H Oversold Rebound, Clear Signs of Main Force Supporting the Market

$ETH The 1H timeframe experienced a sharp decline and found support around 1950, forming a rebound. Currently, the price is oscillating around 1969. The 4H timeframe remains in a downtrend channel, but the 1H RSI has entered the oversold zone, and the latest 1-hour candlestick shows increased buying volume, indicating short-term selling pressure is easing. Market depth data shows significant buy-side support, with main players actively defending key price levels. Open interest remains stable and has not decreased significantly with the price drop, suggesting it’s not a massive long liquidation but a shakeout by the main force. Negative funding rates provide a safety margin for long positions.

🎯Direction: Long

⚡Entry/Order: 1949.32 - 1969.01

🛑Stop Loss: 1939.00

🚀Target 1: 1995.00

🚀Target 2: 2020.00

🛡Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Trail the remaining position with a stop loss; if the price retraces and falls below the trailing stop, exit all positions.

(Depth Logic: The price quickly dipped to the 4H support zone and then rapidly rebounded, with a bullish reversal candlestick pattern appearing on the 1H chart. Although the 4H trend remains weak, the oversold rebound momentum on the 1H timeframe and solid buy-side depth resonate. In a negative funding rate environment, short squeeze risks are accumulating. The key is whether the price can hold above the 1-hour EMA20 to confirm the continuation of the rebound. )

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