$ETH 1H level is experiencing a healthy pullback after a rapid surge, with the price building a platform in the 2050-2075 range. The 4H chart has formed a clear bullish engulfing pattern, indicating a trend shift from bearish to bullish. Currently, the price is supported above the 1H EMA20 (2036), and open interest (OI) remains stable. In a negative funding rate environment, the price stays firm, suggesting potential short squeeze opportunities.

🎯Direction: Long (Long)
🎯Entry/Order: 2055 - 2060 (Reason: Dynamic support at 1H EMA20, previous platform upper boundary)
🛑Stop Loss: 2035 (Reason: Break below 1H EMA20 and previous low support, ATR-based stop loss)
🚀Target 1: 2100 (Reason: Resistance at previous high on the 4H chart)
🚀Target 2: 2150 (Reason: 1.618 Fibonacci extension level, corresponding to yesterday’s high area)
🛡️Trade Management:
- Position size suggestion: Standard position (Reason: Resonance between 4H and 1H cycles, risk-reward ratio >1.5)
- Execution strategy: After the price reaches 2100, reduce position by 50% and move stop loss to entry price. Hold the remaining position for the 2150 target. If the price pulls back to 2060 and breaks below, exit all positions.
Deep logic: Market data shows that although the price has retreated from the high point, open interest (OI) remains stable and has not dropped sharply with the price decline, indicating that long positions have not exited en masse, signifying a strong consolidation. The 1H RSI (62.48) is in a healthy bullish zone with momentum for another upward move. Order book data shows an unusually concentrated buy depth around 2053 (63.8 ETH), forming a strong support. Coupled with negative funding rates, the high cost for short positions hints at a potential short squeeze scenario.
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