【$ETH Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market

$ETH The 1H timeframe, after experiencing a volume surge and rally, is currently in the pullback confirmation stage against the EMA20 (1911) and the previous breakout level (1900-1910 area). Although the 4H level remains in a downward channel with a rebound, the latest 4H bullish candle has a large body, and the buying volume ratio (0.53) is dominant, indicating strong short-term bullish momentum. Market depth shows a large sell order at the first ask (1944.3) pressing down, but the price has not fallen sharply, which is a typical main force testing resistance behavior.

🎯Direction: Long (Long)

⚡Entry/Order: 1930.00 - 1935.00 (Rebound to 1H EMA20 and previous support zone for long entries)

🛑Stop Loss: 1900.00 (Break below previous low and key psychological level)

🚀Target 1: 1980.00

🚀Target 2: 2020.00 (Previous high resistance zone on 4H level)

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1935. If the price strongly breaks through 1980 and stabilizes, move the remaining stop loss up to 1950 to aim for Target 2.

Depth Logic: The 1H RSI (59.13) is in a healthy bullish zone, not overbought. The key point is that the open interest (OI) trend is “Stable,” not declining after a significant price rally. Coupled with a negative funding rate (-0.0049%), this indicates that the short covering is not driven by forced liquidations, but rather by new long positions entering and willing to pay the fee to hold. Market logic suggests “price rising, consider whether it’s main force entering or shorts being squeezed,” current data more supports main force support logic. The area around 1860-1870 on the 4H level is a dense trading zone, forming a strong support.

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