【$ETH Signal】1H level short squeeze continues, pullbacks are opportunities

$ETH 1H level RSI surges to 81.91, risk of a buy-side order gap accumulating. The 4H Bollinger Bands are fully expanded, price is above the upper band, and the MACD double lines are strongly diverging—this is a sign of active capital attack. The order book depth shows a -1.55% imbalance, with sell-side limit orders being continuously swept.

Bullish momentum is still being released, but the risk-reward ratio of chasing is not good. Wait for a pullback, and look for opportunities in the 2246 to 2361 range.

⚡ Entry: Place orders around 2250 for positioning.

🛑 Stop loss: Below 2188.

🚀 Target 1: 2362.

🚀 Target 2: 2420.

🛡️ Trade management: - Execute the strategy: When price hits Target 1, take half off, and move the stop loss up to the entry price. If the price pulls back and fails to tap the entry, and breaks below the entry level, exit immediately.

The 4-hour volume can support the price rally, with continuous active buying. The 1-hour MACD histogram is still expanding, but the RSI is dulled at high levels; it needs a healthy pullback to digest the overbought pressure. The funding rate is only 0.01%, with no overheating— the foundation for the short squeeze remains. The EMA50 below near 2231 forms a dynamic support that coincides with the lower boundary of the suggested entry zone, making the odds of a successful tap relatively objective.

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