【$ETH Signal】Pullback to Long! 1H Oversold Divergence + 4H Trendline Strong Support

$ETH The 1H RSI has entered the oversold zone, and the price is supported near the key trendline on the 4-hour chart, showing signs of a potential reversal. Although the 4H cycle remains in a sideways downward channel, the 1H timeframe has already shown a clear exhaustion of downward momentum. Combined with stable open interest and negative funding rates, this is a typical short covering structure, and a short-term rebound is imminent.

🎯Direction: Long

⚡Entry/Order: 2054.19 - 2074.94

🛑Stop Loss: 2035.00

🚀Target 1: 2120.00

🚀Target 2: 2160.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. The remaining position will be managed with a trailing stop to aim for Target 2. If the price retraces and breaks below the trailing stop, exit all positions.

(Depth Logic: Open interest remains stable during the price decline, indicating it is not mainly institutional dumping but rather passive long liquidation. The 1-hour RSI has fallen to 42, showing early signs of bullish divergence, with weakening downward momentum. Market depth data shows buy orders far exceeding sell orders, with a large accumulation of buy orders in the 2074-2075 range, forming an immediate support. The 4-hour candlestick is supported at the upper end of a dense trading zone, and combined with negative funding rates, there is potential for a short squeeze rebound. )

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