【$ETH Signal】1H timeframe bullish momentum is weakening, waiting for a pullback confirmation

$ETH 1H timeframe MACD death cross confirmed, histogram turns negative, price is suppressed below the middle band of the Bollinger Bands. Although the 4H timeframe is still in an uptrend, RSI has already reached 71.7, with buying depth imbalance at 96.8%, and active selling pressure is beginning to appear.

🎯Direction: Wait for a pullback to go long

⚡Entry/Order: Pending orders in the range of 2279.80 - 2360.42, prioritize support around 2360.

🛑Stop loss: 2207.11

🚀Target 1: 2425.19

🚀Target 2: 2497.88

🛡️Trade management:
- Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price drops below 2360 immediately after entry and continues to weaken, consider exiting early and observing.

Currently, buy orders on the order book are very thick, but 1H volume is shrinking, and active buying strength is weakening. The upper band of the 4H Bollinger Bands at 2405 forms short-term resistance, funding rates are slightly positive, and no extreme short squeeze conditions are present. Chasing high at this level offers a poor risk-reward ratio; patiently wait for the price to pull back to the 1H EMA50 or previous high support zone to see if the bulls can organize another attack.

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