【$ETH Signal】Pullback to add longs! 1H pullback confirmation, main force clearly protecting the market

$ETH The 1H timeframe, after experiencing a violent surge, is undergoing a healthy pullback and consolidation. The current price is consolidating around 2057, with the 1H candlestick testing the support strength above the EMA20 (2018). A strong bullish candle on the 4H chart has established a reversal trend. Although the latest 4H candle shows a long upper shadow, open interest (OI) remains stable, with no signs of large-scale profit-taking by bulls, indicating a strong correction signal. Market depth shows buy orders accumulating in the 2056-2050 range (bid_ask_ratio_depth: 6.90). The main force’s intention to defend the market is clear, rejecting a deep correction.

🎯Direction: Long (Long)

🎯Entry/Order: Enter in batches within the 2050 - 2055 range (Reason: Dynamic support zone at 1H EMA20 & dense buy orders in the order book )

🛑Stop loss: 2030 (Reason: Break below the previous low of the 1H consolidation platform & protective ATR stop loss )

🚀Target 1: 2100 (Reason: Previous high resistance and psychological barrier )

🚀Target 2: 2150 (Reason: Near the 1H previous high at 2149.95 & 1.382 Fibonacci extension level )

🛡Trade management:

- Position suggestion: Standard position (Reason: 4H trend established, 1H pullback structure healthy, favorable risk-reward ratio )

- Execution strategy: Enter in batches, half at 2055, half at 2050. After reaching 2100, reduce position by 50% and move stop loss to entry price (break-even). Hold remaining position to target the second level. If price stalls around 2150 or shows 1H bearish divergence, exit all positions.

Depth logic: This is a classic “healthy pullback after short squeeze” scenario. The price surged over 7% in the past 24 hours, but open interest remains stable, indicating it’s not purely spot FOMO but also futures funds locking positions. The 1H RSI has fallen from high levels to around 68, releasing overheating pressure and preparing for further upward movement. Market logic suggests “price rising, consider open interest,” and current stable OI confirms this is “main force entering” rather than “shorts crushing.” Funding rate is only 0.0037%, indicating no overheating risk, making the long environment safe. The support at 2046 (previous low) is the last line of defense; as long as it holds, the bull structure remains intact.

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