【$ETH Signal】1H level short squeeze continues, pullback is an opportunity

$ETH On the 1H timeframe, the price is steadily above all moving averages, buying depth exceeds selling depth by 55.84%, and the capital support is blatant. The 4H Bollinger Bands were just broken by a large bullish candle, the MACD histogram is still expanding, and the bullish momentum has not exhausted.

Now chasing higher is not cost-effective; wait for a pullback.

🎯Direction: Pull back to go long

⚡Entry/Order: Enter when the price pulls back to the range of 2347.74 - 2396.84.

🛑Stop loss: 2310.67, breaking below indicates the short-term structure is broken.

🚀Target 1: 2421.88

🚀Target 2: 2458.95

🛡️Trade management:
- Execution strategy: When reaching the first target 2421.88, cut half of the position, move the remaining stop loss to the breakeven point, and let the profits run. If the price falls back into the entry zone, don’t hesitate—just exit.

The 1-hour RSI hits 74.66, indicating short-term overbought conditions, but the 4-hour level is only 66.35, so the trend space remains. The key is the funding rate at 0.01%, which is not excessive, with no signs of large-scale short squeeze. This kind of push-up is healthier. The order book depth imbalance is 96.48%, with large orders supporting below, so the pullback may be limited; act decisively when the signal appears.

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