$ETH Signal】Pullback to buy, the main force's bottom support is too obvious


$ETH 1H level repeatedly tests the 2040-2060 range, with the 4H Bollinger Band lower band around 2034 creating a magnetic attraction effect. The MACD 1-hour histogram begins to strengthen, diverging from the price at low levels. Market data reveals key information: a wall of 184 ETH sell orders is stacked above the ask at 2059.42, but the price has not been easily pushed down; the main force's bottom support intention is very clear.

🎯Direction: Long

⚡Entry: Buy in batches within the 2042 - 2046 range

🛑Stop Loss: 2007

🚀Target 1: 2204

🚀Target 2: 2284

🛡️Trade Management: - Execution strategy: After the price hits the first target, reduce the position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 2065, consider exiting early.

Position remains stable, with no panic selling during price declines, indicating that bullish confidence is still present. The 1-hour RSI is around 38, in a healthy retracement zone, not entering extreme oversold territory. Coupled with the negative funding rate, short-term bears have the advantage but must pay costs, setting the stage for a potential short squeeze. The risk-reward ratio is close to 1:4, making this a position worth risking limited capital for a rebound.

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