【$ETH Signal】Pullback to go long: 1H oversold rebound trading, strong support zone on 4H

$ETH The 1H timeframe is oscillating with decreasing volume in the oversold zone (RSI 32), with the price close below the 1-hour EMA20, indicating a technical correction after a sharp decline. On the 4H chart, a large bearish candle dropped to the previous low support zone at 1954 and then rebounded. Open interest remains stable with no signs of panic selling, suggesting significant bullish-bearish disagreement and signs of major players defending the market. The current price is near the upper boundary of the suggested entry zone; avoid chasing high and wait for a pullback confirmation.

🎯 Direction: Long (pullback orders)

⚡ Entry/Order: 1959.4 - 1965.0 (layered entries)

🛑 Stop loss: 1948.0

🚀 Target 1: 2015.0

🚀 Target 2: 2040.0

🛡️ Trading management:

- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the remaining stop loss up to the entry price. If the price strongly breaks through Target 2, keep a very small position to aim for a larger rebound.

( Depth logic: The 4-hour chart shows a double bottom pattern in the 1950-1960 range, which is a key psychological and technical support level. Although the funding rate is negative, open interest remains stable, combined with buy orders accumulating near 1979, indicating more of a bull resistance after a short squeeze on the bears. The 1-hour RSI bullish divergence is brewing; once volume increases and the price breaks above the 1-hour EMA20 (2003), a short-term rebound will be confirmed. )

View real-time quotes 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #GateforAI重磅上线