【$ETH Signal】Pullback to go long! 1H pullback confirmation, 4H trendline support for rebound trading

$ETH The 1H timeframe is currently oscillating around a critical support zone (1970-1975). The price has pulled back to the 4H upward trendline and the 1H EMA50 (1970.38) for initial support. The 1H RSI (48.97) is approaching neutral, not entering oversold territory, indicating the pullback is manageable. Although the 4H level faced resistance near 1994 and pulled back, the overall structure remains within the recent rebound channel. Open interest (OI) is stable, with no signs of panic selling. The current price is at a breakout point in the bulls and bears battle. A downward break would turn the trend bearish, while a steady hold above would restart the upward momentum.

🎯Direction: Long (Long)

🎯Entry/Order: 1972.5 - 1975.0 (Reason: 1H EMA50 support + 4H rising trendline resonance zone )

🛑Stop Loss: 1965.0 (Reason: Break below the 4H trendline and the previous hour low at 1967.03, structure broken )

🚀Target 1: 1988.0 (Reason: 1H previous high resistance and EMA20 pressure )

🚀Target 2: 1998.0 (Reason: Above the 4H previous high at 1994.59, 1.272 Fibonacci extension )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Price is testing a key support zone, confirmation needed )

- Execution strategy: Once the price stabilizes above 1978, consider it as initial confirmation and slightly increase position. After reaching Target 1, reduce by 50% and move stop loss to entry point (break-even). Hold the remaining position for Target 2.

Deep logic: Market depth shows a large sell order at 1972.55 (170.26 ETH), forming a short-term thin resistance wall. Once absorbed by buying, it may trigger stop-loss orders from short sellers, pushing the price higher rapidly. The 1H buy/sell ratio hovers around 0.5, indicating a balanced market awaiting direction. The 4H candlestick shows a long upper shadow after touching 1994 but without a significant decrease in open interest, suggesting the main force may be just shaking out traders rather than distributing. Combining ATR (24.84), the stop loss space is reasonable, with a risk-reward ratio >1.5, fitting short-term sniper conditions.

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