【$ETH Signal】Pullback to go long! 1H bullish divergence + negative funding rate, clear signs of main force supporting the market

$ETH The 1H timeframe is building a potential bullish divergence structure, with prices repeatedly testing the 1916-1945 range, while RSI(1H) has refused to make new lows. Although the 4H timeframe is in a downtrend, open interest remains stable, and the negative funding rate suggests short sellers need to pay costs, hinting at a short squeeze. The current price is at a key support zone, making it an ideal point to set up for a rebound.

🎯Direction: Long (Long)

⚡Entry/Order: 1864.20 - 1918.65

🛑Stop Loss: 1845.00

🚀Target 1: 1980.00

🚀Target 2: 2020.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to the entry average price. Move the remaining stop loss up to 1950 to aim for Target 2. If the price cannot hold above 1930, consider exiting early.

Deep Logic: Open interest remains stable, prices are declining but have not caused a collapse in open interest, indicating that the main force is not fully unloading. The order book shows buy depth accumulating around 1946, providing immediate support. The 1H RSI(46) shows a forming bullish divergence with the price, and the negative funding rate(-0.0095%) increases the cost for short positions. Once the 1H candle closes above EMA20(1954), it will confirm a short-term momentum reversal.

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