【$ETH Signal】Pullback to Long / 1H Stabilization Rebound + 4H Support Test

$ETH The 1H timeframe is oscillating narrowly between 1950-1970, with the price already above the 1-hour EMA20. RSI has rebounded from oversold territory to 41.7, indicating short-term momentum recovery. After a large bearish candle on the 4H chart, a lower shadow was formed, testing the key support zone at 1950. Open interest remains stable, with no signs of panic selling, suggesting the current decline is more of a shakeout rather than a main force distribution. The order book shows deep buy-side support, with large orders clustered around 1968-1969, providing immediate support.

🎯Direction: Long

⚡Entry/Order: 1949 - 1968

🛑Stop Loss: 1938

🚀Target 1: 1995

🚀Target 2: 2025

🛡️Trading 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 pulls back and breaks below the trailing stop, exit all positions.

Depth Logic: The price is declining but open interest remains stable. Coupled with negative funding rates, this looks more like a long leverage liquidation rather than a trend reversal. The 1-hour candlestick closes with consecutive lower shadows above 1950, showing strong buying support. The 4-hour EMA50 (around 2000) remains a key medium-term resistance. Breaking through it would open up upside potential. The current strategy is to set up long positions at key support zones, aiming to catch a rebound towards the EMA50.

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