【$ETH Signal】Pullback to Long! 1H Oversold Rebound + 4H Key Support Zone Setup

$ETH After intense fluctuation in the 1954-1983 range on the 1H timeframe, the price has temporarily stabilized. A large bearish candle on the 4H chart dropped to 1963, forming a lower shadow, indicating buying resistance below. Currently, the 1H RSI has entered the oversold zone, suggesting a technical rebound is needed.

🎯Direction: Long (Setup on Pullback)

⚡Entry/Order: 1962.5 - 1975.0

🛑Stop Loss: 1948.0

🚀Target 1: 2015.0

🚀Target 2: 2040.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position for Target 2. If the price pulls back and breaks below the moving stop loss, exit all positions.

(Depth Logic: Despite the price decline, open interest remains stable, indicating that major players are not continuously unloading. The 1-hour RSI has dropped to 31.4, indicating severe oversold conditions, with rebound momentum building. The order book shows a buy wall at 1982.41 with 45 ETH support, while selling pressure is concentrated above 1982.42. The 4-hour price has retraced to the lower boundary of the recent consolidation zone, combined with negative funding rates, suggesting a potential short covering squeeze. )

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