【$ETH Signal】1H Breakout and Pullback Confirmation, Lurking for Rebound and Sniping

$ETH The 1H timeframe, after experiencing a dip, saw a volume surge and a rebound above the EMA20 (2031) between 03:00-04:00, forming a bullish engulfing pattern, indicating short-term momentum return. Although the 4H timeframe remains in a downward channel with oscillation, the price has already broken above the key support at EMA50 (1968), and the latest candlestick closed bullish, showing signs of stabilization. The order book shows unusually thick buy-side depth (depth imbalance 78.78%), indicating a clear intention by the main force to defend the price.

🎯Direction: Long (Long)

🎯Entry/Order: Enter in batches around the current price 2045.5 or after a pullback to the 2038-2042 zone

🛑Stop Loss: 2025 (below the 1H previous low and EMA20 support)

🚀Target 1: 2075 (resistance zone at the previous high on the 4H level)

🚀Target 2: 2095-2100 (EMA20 resistance level on the daily chart)

🛡️Trading Management:

- Position size suggestion: Light position (Reason: The 4H trend has not fully turned bullish, only a 1H rebound, risk control is necessary )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks through 2075 and stabilizes, move the remaining stop loss to hold and aim for Target 2.

Depth logic: Open interest (OI) remains stable, with no significant reduction during price declines, indicating it’s not a main force distribution. The 1H RSI (56.03) is in a healthy bullish zone with upward space. The key point is whether the price can hold above 2040 with volume increase, which is crucial for confirming the continuation of the 1H rebound. The area below 2020-2030 is a dense trading zone with strong support.

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