【$ETH Signal】Pullback is bullish! 1H retest confirms, institutional support intention is clear

$ETH At the 1H level, after a massive volume surge, ( is currently in a healthy volume contraction pullback phase, with price retesting near key EMA moving averages. The 4H level has formed a clear uptrend, with price holding above all moving averages and strong momentum. Current bid depth in the order book is significantly thicker than ask depth, showing strong support from below, with clear institutional support intention. Open interest remains stable, funding rates are healthy - this is not short liquidation but a healthy correction within an uptrend.

🎯Direction: Long

⚡Entry/Pending orders: 2057.85 - 2065.69

🛑Stop loss: 2057.85

🚀Target 1: 2097.06

🚀Target 2: 2112.74

🛡️Trade management:

- Execution strategy: After price reaches Target 1, reduce position by 50% to lock in profits, and move stop loss on remaining position up to entry price. If price breaks Target 2 strongly, consider partial take profit on remaining position and potentially move stop loss up near Target 1 to pursue larger profits.

) Deep logic: The 1H RSI is around 62, momentum is healthy and far from overbought zone. The 4H RSI is similarly in strong territory. Most importantly, after the price surge, open interest did not decrease, indicating that new capital represents genuine long positions, not short liquidations. Order book data shows bid volume is over 3 times ask volume, with significant depth advantage providing solid support for price. The current pullback is an excellent opportunity to ambush at the confluence of 1H EMA50 and 4H EMA20 support levels.$ETH

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