【$ETH Signal】Multiple momentum exhaustion, sniper rebound to buy on the dip

$ETH After a sharp rise on the 1H timeframe, it enters a narrow consolidation, with buy orders deepening to 34.49%, but RSI has soared to 78.45, and the MACD histogram on the hourly chart begins to shrink, indicating a break in the bullish momentum. The 4-hour chart remains firmly above the upper Bollinger Band, which often requires a pullback to confirm support. The order book shows buy orders twice as thick as sell orders, indicating strong support from funds, but the short-term overheating needs to be released.

Price is consolidating around 2366, chasing the high directly offers a poor risk-reward ratio. A better strategy is to wait for a healthy pullback.

⚡Entry: Place orders around the lower boundary of 2245.31 - 2354.42, for example near 2248.

🛑Stop Loss: Must be below 2187.62, giving the price enough room to fluctuate.

🚀Target 1: First target at 2363.89, near the previous high resistance.

🚀Target 2: Second target at 2373.36, with a breakout opening up more space.

🛡️Trade Management: - Execute strategy: After reaching target 1, cut half of the position, and move the remaining stop loss up to the entry price. If the price fails to rise as expected and instead falls back to the entry point, exit unconditionally.

The 4-hour MACD is still expanding strongly, and the trend remains intact. However, the divergence between price and volume on the 1-hour chart and the extremely high RSI are clear short-term risk signals. At this position, actively abandoning chasing the high and patiently waiting for a better price from the market offers a more favorable risk-reward ratio. The EMA50 line below coincides with the middle band of the 4H Bollinger, forming a strong support zone.

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