【$ETH Signal】Pullback to add longs! 1H pullback confirmation, 4H trend support strong

$ETH The 1H timeframe is currently pulling back to key EMA support, with the price falling from the high of 2039 to around 2011. This is a healthy profit-taking move. The 4H timeframe has formed three consecutive bullish candles breaking through, indicating a shift from weak to strong trend. The current pullback is an excellent second entry opportunity. Open interest remains stable, showing that funds are not panicking and are instead waiting for a new direction.

🎯Direction: Long

⚡Entry/Order: 2004 - 2008 (Pullback to 1H EMA20 and previous support zone)

🛑Stop Loss: 1985 (Break below the starting point of the 4H bullish candle)

🚀Target 1: 2028

🚀Target 2: 2045

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through Target 2, consider leaving some profits as a trend order to seek greater gains.

Deep Logic: The 4-hour chart shows the price has risen above all short-term moving averages, with buy volume significantly increasing during the breakout. The 1-hour RSI has fallen from overbought territory to a healthy zone, preparing for another upward move. Order book data shows dense buy orders below 2010, forming a solid support. Combined with stable open interest and positive funding rates, market sentiment leans bullish. This pullback is a shakeout of short-term traders by the main force, preparing for the next rally.

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