【$ETH Signal】1H timeframe is building momentum, targeting a short-term rebound breakout

$ETH The 1H timeframe is oscillating narrowly above the EMA20 (1967.5), with prices compressed within a very tight range of 1963-1972, which is a typical pre-breakout sign. The 4H timeframe remains in a weak rebound within a downtrend channel, but the buy-side depth (bid_ask_ratio_depth=2.11) on the 1H chart is significantly better than the sell side, and open interest remains stable, indicating that selling momentum is waning and bulls are accumulating strength. In a negative funding rate environment (-0.0068%), prices have not broken further, suggesting potential for a short squeeze rebound.

🎯Direction: Long (Long)

🎯Entry/Order: Enter long after breaking above 1972.5 (Reason: Breakout of the 1H oscillation upper boundary and recent minor high)

🛑Stop loss: 1958.0 (Reason: Break below the 1H EMA20 support and the lower boundary of the oscillation range, ATR-based stop loss)

🚀Target 1: 1995.0 (Reason: Previous rebound high on the 4H timeframe and EMA20 resistance level)

🚀Target 2: 2020.0 (Reason: 4H downtrend resistance line and Fibonacci 0.382 retracement level)

🛡Trade Management:

- Position size suggestion: Light position (Reason: The 4H trend remains bearish, this is a contrarian short-term play)

- Execution strategy: After reaching Target 1, move the stop loss up to the entry point at 1972.5. For the remaining position, look toward Target 2. If a stagnation candle (such as a long upper shadow) appears near Target 1, consider partial profit-taking early.

Depth logic: Market depth shows buy orders accumulating (around 60 ETH buy orders near 1969.8), while sell orders above 1970 are relatively sparse, facilitating rapid price increases. The 1H RSI (49.76) is in a neutral zone with room for upward divergence. The key is whether the price can hold above 1970 with volume; success will attract short-term shorts to cover.

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