【$ETH Signal】Short squeeze buildup, pullback is a buy signal

$ETH 1H timeframe high-level sideways consolidation, the upper band of the 4H Bollinger Bands around 2276 is forming resistance. Market depth shows a gap in buy orders, sparse sell orders above 2253, but a thick cluster of orders in the 2250-2253 range below, fully exposing the capital support intent. Negative funding rates coexist with stable open interest, a typical short squeeze brewing structure.

🎯Direction: Long

⚡Entry/Orders: Enter in batches within the 2201.36 - 2241.87 range

🛑Stop loss: 2139.64

🚀Target 1: 2324.80

🚀Target 2: 2386.52

🛡️Trade management: - Execution strategy: Reduce 50% of positions after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect principal.

The 1H MACD histogram begins to contract, but the fast and slow lines are still above the zero line, indicating bullish momentum has not exhausted. The 4H price remains above the EMA20 at 2197, maintaining the medium-term trend. The current risk-reward ratio is close to 1:1. During the weekend with lower liquidity, it’s safer to buy on a pullback at key support levels. The 2210-2220 zone below is a previous breakout area of high trading volume and also the position of the 1H EMA50, where support strength will be relatively concentrated.

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