#Gate蓝龙虾重磅上线 【$ETH Signal】Pullback to go long! 1H retracing EMA50 support, main force defending the market under negative funding rate

$ETH The 1H timeframe is currently retracing the key EMA50 support, with the price oscillating around 2028. Although the 4H timeframe is in consolidation, the 1H chart shows that after a brief dip to 2005, the price quickly rebounded, forming a long lower shadow, indicating strong buying support below. Open interest remains stable and has not decreased significantly due to the price decline. Coupled with a negative funding rate, this looks more like a shakeout by the main force rather than a distribution. The order book shows sell orders accumulating at 2029.3; once broken, the upside potential will open.

🎯Direction: Long

⚡Entry/Order: 2018 - 2028

🛑Stop Loss: 1983

🚀Target 1: 2087

🚀Target 2: 2122

🛡️Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price fails to break through the short-term resistance at 2033 and falls back into the lower end of the entry zone, consider it a weak signal and exit decisively.

Deep Logic: The current market logic suggests a downward move, but open interest remains stable and the funding rate is negative, forming a classic “short squeeze” scenario—shorts face increasing costs under negative funding, yet the price has not collapsed. Once buying momentum picks up, it can trigger short covering. The 1H RSI is near the midline at 50, with healthy momentum. The 2017-2023 range below is the convergence zone of the 1H EMA20 and EMA50, also the suggested entry zone with strong support. Key resistance is at the previous high near 2088.

View real-time quotes 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL