【$ETH Signal】Pullback to Long! 1H level retest confirmation, signs of main force defending the market under negative funding rate

$ETH The 1H level is supported near EMA20 (1951). After a rapid decline from the high of 1973, the price is now oscillating narrowly around 1943. This is a typical short-term profit-taking and shakeout. The 4H level is still in a downward channel with a rebound correction, but the momentum on the 1H level has not fully deteriorated. Under a negative funding rate (-0.0095%), open interest remains stable, indicating limited bearish pressure and possible main force support. Currently, this is an excellent ambush point for rebound speculation.

🎯Direction: Long (Long)

🎯Entry/Order: 1942 - 1945 (Reason: 1H EMA20 support zone, dense buy orders on the order book )

🛑Stop Loss: 1930 (Reason: Break below previous 1H candle low and ATR lower band )

🚀Target 1: 1965 (Reason: Resistance at previous high on 1H level and EMA50 pressure )

🚀Target 2: 1980 (Reason: Fibonacci 0.382 retracement level on 4H level )

🛡Trade Management:

- Position suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound play )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If the price consolidates in the entry zone for over 2 hours without a rally, exit proactively.

Deep logic: The order book shows buy orders accumulating around 1943 (80+ ETH), while sell orders start dispersing above 1943.5, indicating slight imbalance. The 1H RSI (45.18) is in a neutral to weak zone with room for upward correction. Key point: whether the price can quickly recover above 1955 (1H EMA50). If it stabilizes, the rebound strength will increase. Stable open interest amid falling prices and negative funding rate suggest a typical short squeeze structure.

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