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

$ETH The 1H timeframe experienced a violent surge in the early morning and is currently in a healthy retracement and consolidation phase. The key point is that the price is supported above 2020, and the 1H candlestick structure has not broken the upward trend. The 4H timeframe has formed a three consecutive bullish candles with a strong breakout, stabilizing above EMA20 and EMA50, indicating a trend reversal to bullish. The current market is a typical “rapid rise - slow correction,” offering an excellent opportunity for a second entry.

🎯 Direction: Long (Long)

⚡ Entry/Order: 2020 - 2025

🛑 Stop Loss: 1995

🚀 Target 1: 2070

🚀 Target 2: 2120

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks through 2070 and stabilizes, move the remaining stop loss up to 2050 to aim for Target 2.

( Depth Logic: The early morning surge was accompanied by a massive trading volume (563,000 ETH) and dominated by buy orders (buy_sell_ratio 0.58), which is a clear signal of main force entering the market. Although the Open Interest trend shows “Stable,” the position has not decreased after a 5% price increase, indicating that bears have not surrendered on a large scale and there is potential for short squeeze fuel. The order book depth shows heavy buy-side accumulation (bid_ask_ratio_depth 9.09), with strong support below. The 1H RSI has retreated from overbought territory to 70.5, leaving room for further upward movement. Overall, this is a standard retracement after a momentum breakout, with the bullish structure intact. )

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