【$ETH Signal】Breakthrough rebound, bulls gathering strength

$ETH The 1H timeframe price strongly broke above the upper Bollinger Band, with a gap in buy order depth around 2230, and a clear accumulation of sell orders. The 4H MACD histogram is contracting, but after the 1H fast and slow lines crossed upward, they continue to diverge, indicating ongoing momentum. Open interest remains stable, funding rates are moderate, with no signs of overheating.

🎯Direction: Long

⚡Entry/Orders: Within the 2189.73 - 2220.01 range, you can directly take a light position near the current price of 2230 to try going long, or wait for a pullback to around 2195 to place orders.

🛑Stop loss: 2132.14

🚀Target 1: 2304.91

🚀Target 2: 2362.49

🛡️Trade management:
- Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 2220 and quickly falls back, exit proactively and wait.

Order book data shows active buy support below 2230, but the sell wall above exceeds 175 ETH, requiring volume to break through. The 1H RSI is around 65, leaving room for further upside. The 4H price is near the middle-upper Bollinger Band, with the overall structure leaning towards bullish consolidation. The current risk-reward ratio is close to 1:1, which is an acceptable range for trading, with the key being whether the position can quickly move away from the cost basis after entry.

Check real-time market 👇 $ETH
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨