【$ETH Signal】Pullback to go long! 1H RSI bullish divergence at the bottom, main force defending the market under negative funding rate

$ETH The 1H timeframe is oscillating around a critical support zone, with the price hovering near 1936. Although the 4H trend is downward, the 1H chart shows a clear bullish divergence with new lows in price but RSI not making new lows, and open interest remains stable, indicating that the decline is not driven by main force selling off, but rather a liquidation of long positions. The current negative funding rate combined with firm price action is a classic sign of a short squeeze.

🎯Direction: Long

⚡Entry/Order: 1916.6 - 1936.0 (Recommend entering in batches)

🛑Stop Loss: 1895.0

🚀Target 1: 1980.0

🚀Target 2: 2020.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the remaining stop loss to the entry price. Hold the remaining position towards Target 2. If the price strongly breaks above 2000, consider holding some positions to aim for 2050.

Deep Logic: The order book shows a large sell wall at 1935.98, creating short-term resistance, but there is dense buy support below, indicating a clear market defense. The 1-hour RSI has recovered from oversold levels to 41.5, suggesting momentum is beginning to repair. Although the 4-hour price remains below the EMA50, it has moved away from the moving average, indicating a potential technical rebound. Coupled with negative funding rates and stable open interest, the market is overly shorted. Once buying pressure intensifies, a rapid short squeeze is highly likely.

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