【$ETH Signal】Pullback to buy! 1H level consolidating with decreasing volume, key support zone lurking

$ETH The 1H level is consolidating with decreasing volume in the 1960-1970 range, with the price staying just below the 1H EMA20 (1974) to build momentum. After a large bearish candle on the 4H chart, a lower shadow was formed, and the price has retested the recent key support zone (1950-1960). Open interest remains stable, with no signs of panic selling. The order book shows strong buy orders around 1967.5, while sell pressure is concentrated above 1967.68, indicating limited short-term selling pressure. RSI is near 40, with neutral to weak momentum, but not oversold, suggesting potential for a rebound.

🎯Direction: Long (buy the dip)

⚡Entry/Order: 1948.0 - 1967.5

🛑Stop Loss: 1935.0

🚀Target 1: 1995.0

🚀Target 2: 2020.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. The remaining position aims for Target 2 with a trailing stop. If the price fails to hold above the 1H EMA20 (1974), consider exiting early.

Depth Logic: Although the price has declined, open interest remains stable, indicating that large-scale dumping by major players is unlikely. It’s more likely short-term long liquidation. The 1H volume has decreased, reducing selling pressure. Coupled with negative funding rates, bears are temporarily favored, but sustainability is questionable. The 1947-1960 zone below has been tested multiple times recently and overlaps with the optimized entry zone, offering an excellent risk-reward ratio. Once the market stabilizes, this area could trigger a technical rebound.

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