【$ETH Signal】Follow the breakout, order book depth reveals bullish intent

$ETH 1H timeframe just broke above the Bollinger upper band with increased volume, MACD histogram sharply expanding above zero, indicating full bullish momentum. The 4H price remains firmly above EMA20, but MACD lines are still below zero, suggesting the longer-term trend needs more time to recover. Order book depth shows sparse sell orders, with a -63.34% imbalance indicating light selling pressure above, and low capital resistance pushing prices higher.

Price can be directly chased in the 2214.25 to 2221.01 range; the current price at 2232 has entered, but any pullback is an opportunity to buy.

Stop loss must be placed below 2171.18; a break below indicates this breakout is a false move.

The first target is 2300.40, which is the 4-hour Bollinger upper band and a previous psychological level. The second target is 2343.47, a more significant technical resistance zone.

After reaching the first target, cut half of the position and move the stop loss to the entry price; this trade cannot result in a loss. If the price falls back below 2220, exit proactively without waiting for the stop loss.

The 1-hour RSI has reached 63, not yet overbought, leaving room for further upward movement. Position volume remains stable, funding rate is only 0.0058%, with no signs of frantic short squeeze, indicating this rally is relatively healthy. Combined with buy-side depth far exceeding sell-side, short-term liquidity favors bulls; pullbacks are opportunities. The risk-reward ratio of 1.59 is acceptable, with the key being whether one can quickly move away from the cost basis after entry.

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