【$ETH Signal】Short squeeze builds up energy; pullbacks are for longs

$ETH 1H level repeatedly tests around 2250; buy-side order book depth is clearly stronger than sell-side, but the hourly MACD histogram turns negative, suggesting a short-term pullback is needed. The 4H level holds above the EMA20, and the middle band of the Bollinger Bands forms strong support. Funding rates have dropped to negative, but open interest remains stable; short positions are accumulating clearly—this is classic short-squeeze fuel.

🎯 Direction: Pull back to go long

⚡ Entry/Place orders: Accumulate in batches within the 2205.3 - 2235.2 range

🛑 Stop loss: 2142.7

🚀 Target 1: 2330.3

🚀 Target 2: 2392.9

🛡️ Trade management: - Execution strategy: After reaching Target 1, reduce position size by 50% and move the stop loss up to break-even. If the price falls back into the entry zone, you will exit automatically to protect capital.

Order book data shows extremely thick orders below 2246.4, making the intention to provide support very clear. The 1-hour RSI has fallen from the overbought zone back to neutral, offering healthy room for a pullback. Combined with negative funding rates and stable OI, market sentiment leans bullish, but leveraged longs are being flushed out—clearing obstacles for the next leg up. In this structure, a deep pullback is actually an opportunity.

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