【$ETH Signal】Pullback ambush, waiting for 1H-level momentum to reset

$ETH 1H level is running close to the upper Bollinger Band, with RSI soaring to 77.6 and a buy-side order book gap. The 4H MACD histogram is still expanding, but the 1H-level MACD momentum has started to fade, and there is an initial bearish divergence between price and indicators. Market depth shows buy orders are 53% thicker than sell orders, with a clear intention to support, but the strength of active push is weakening.

Price is consolidating in a narrow range of 2370-2395. Bulls need a breakout with increased volume to confirm the continuation. Chasing higher directly at the current price of 2386 carries a high risk preference, and the risk-reward ratio is not favorable.

🎯 Direction: Pullback to buy

⚡ Entry: Place an order at 2270.77, which is the resonance area between the 4H EMA50 and the prior structure on the 1H.

🛑 Stop loss: 2201.44

🚀 Target 1: 2409.44

🚀 Target 2: 2478.77

🛡️ Trade management: - Execution strategy: After the order fills, if the price quickly rallies to Target 1, cut the position by half and move the stop loss to the cost/breakeven line. If the price cannot hold above 2370, consider exiting early.

Current funding rate is only 0.01%, and there are no signs of an extreme short squeeze. Open interest is stable, indicating this is not purely driven by leverage. When price is moving sideways, the 1-hour trading volume shrinks significantly, which is a healthy consolidation. The key is whether the price can hold the short-term range of 2360-2370; if it cannot, the depth of the pullback may increase. The 2270-2280 area below provides dual support from the EMA50 moving average and the previous breakout area, so limit orders placed here offer a relatively high price-to-performance for the ambush.

View real-time market data 👇 $ETH
---
Follow me: Get more real-time analysis and insights from the crypto market! $BTC $ETH $SOL
‍#WCTC交易赛瓜分800万USDT #Gate13周年 #加密市场回升