【$ETH Signal】Pullback to go long! 1H oversold divergence + 4H strong support zone, clear signs of main force defending the market

$ETH Extreme oversold condition appears on the 1H timeframe, RSI drops to 22, price has touched the strong support area of the 4H EMA50, and open interest remains stable without signs of panic selling. This is a typical sharp decline shakeout pattern. The last 1-hour candlestick closes with a long lower shadow, indicating buying interest below. The order book shows a large accumulation of sell orders at the first sell level (1975.25). Once absorbed, a rebound will be imminent.

🎯Direction: Long

⚡Entry/Order: 1955.5 - 1970.0 (Gradual accumulation)

🛑Stop Loss: 1942.0

🚀Target 1: 2015.0

🚀Target 2: 2045.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price encounters resistance at Target 1 and falls back, breaking the trailing stop, exit all positions.

(Depth Logic: Price drops 5% sharply but open interest remains stable, indicating this is not main force distribution but rather a market sentiment shakeout of long leverage. The 1H RSI is severely oversold, signaling a strong technical correction is needed. The 4H EMA50 (around 2019) overlaps with previous dense trading zones, forming a strong support. Current negative funding rates favor long positions; if the price stabilizes, it may trigger short covering. )

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