【$ETH Signal】Pullback to go long, capital support intention exposed

$ETH 1H timeframe just experienced a quick pullback after a false breakout, with the price gaining initial support above 2040. The lower band of the 4H Bollinger Bands around 2008 provides strong support. The 1H MACD histogram has started to contract, indicating weakening bearish momentum. The order book shows buy orders far exceeding sell orders at the 2045-2046 level, clearly indicating capital support.

🎯Direction: Long

⚡Entry/Orders: Enter in batches around 2026 - 2030

🛑Stop Loss: 1988

🚀Target 1: 2201

🚀Target 2: 2286

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by half, and move the remaining stop loss to the entry price. If the price cannot hold above 2050, consider exiting early.

Position size remains stable, no panic selling during the decline, indicating bullish positions remain firm. The 1-hour RSI is at 39 and not in extreme oversold territory, suggesting this is more of a healthy shakeout. Coupled with the negative funding rate, short-term bears have little advantage. The risk-reward ratio exceeds 4, making this a good position to lay in wait.

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