【$ETH Signal】Short squeeze structure established, pullback presents a buying opportunity

$ETH A single massive bullish candle on the 4H chart directly breaks through the Bollinger upper band, MACD lines are strongly diverging, open interest is rising in tandem, and funding rates have turned positive. A typical short squeeze structure is forming. On the 1H chart, RSI surged to 75 before slightly pulling back. The price is consolidating above 2230, with significant buy orders around 2234, indicating healthy rotation in a strong trend.

🎯Direction: Long

⚡Entry/Order: 2133 - 2158

🛑Stop Loss: 2133

🚀Target 1: 2258

🚀Target 2: 2308

🛡️Trade Management:
- Execution Strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to breakeven. If the price falls back to the entry zone, automatically exit to protect capital.

Current order book shows buy orders far exceeding sell orders, clearly indicating a bottoming of funds. The 4-hour volume has surged sharply, driven by previous short covering and new long positions. The 1H EMA20 and EMA50 form a golden cross support, making a pullback to this area an ideal second entry point. The combination of rising volume, price, and open interest offers a risk/reward ratio of over 4, making it worthwhile to take limited risk for potential upside.

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