【$ETH Signal】Long | 1H Level Pullback Pin, Obvious Signs of Mainline Support

$ETH price precisely retested the 1-hour EMA50 and 4-hour EMA20 confluence support zone, with buy-side depth far exceeding sell-side, and the support below is unusually strong.

🎯 Direction: Long

⚡ Entry/Pending Order: 2082.84 - 2084.44 (Pullback for Long)

🛑 Stop Loss: 2079.00 (Slightly below 1H level previous low)

🚀 Target 1: 2115.00 (Resistance near previous high)

🚀 Target 2: 2135.00 (4H level extension target)

🛡 ️Trade Management:
- Execution Strategy: When price reaches the first target, reduce position by 50% to lock in profits, and move the stop loss of remaining position up to entry price, achieving zero-risk holding, allowing remaining position to bet on trend continuation.

Deep Logic: Order book data reveals key information. Despite slight price decline, the bid price (2095.72) has accumulated over 72 ETH in massive buy orders, forming a solid capital moat. Meanwhile, open interest (OI) remains stable and has not decreased with price decline, indicating that shorts have not opened positions on a large scale to apply pressure. The current decline appears more like the bullish mainline actively washing and accumulating at key support levels. Combined with negative funding rates, shorts are paying costs, and once price stabilizes and rebounds, it will easily trigger a chain reaction of short liquidations.

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