【$ETH Signal】Pullback to Long: 1H level retest confirmation, clear signs of main force supporting the market

$ETH The 1H level is oscillating narrowly around EMA20, with the price declining but open interest remaining stable, indicating that it is not main force distribution but a shakeout caused by long liquidation. The 4H level repeatedly tests the range between 1960-1990, with strong support at the 1960 area. In the current negative fee rate environment, the price remains firm and open interest has not decreased, suggesting potential short squeeze.

🎯Direction: Long

⚡Entry/Order: 1961.02 - 1975.00

🛑Stop Loss: 1945.00

🚀Target 1: 2000.00

🚀Target 2: 2030.00

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2; if the price retests Target 1 and breaks below, exit all positions.

(Depth Logic: The 1-hour RSI is around 40, with momentum recovering and not entering oversold territory. Market data shows significant buy orders below 1980, with solid depth. On the 4-hour level, the price is trading below EMA50, but the 1-hour level shows signs of stabilization, and multi-timeframe divergence suggests a rebound. Stable open interest indicates funds are not leaving the market, and negative fee rates are exerting pressure on shorts. )

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