【$ETH Signal】Go long! 1H retest confirmation, clear major support

On the 1H timeframe, $ETH is retesting key EMA moving averages after a recent rally. The 4H level has already stabilized above EMA20, indicating a bullish trend. The current order book shows an unusually thick buy-side depth, with a clear intention to support the market—this is a typical retest buy opportunity.

🎯 Direction: Long

⚡ Entry/Order: 2070.83 - 2087.34

🛑 Stop Loss: 2070.83

🚀 Target 1: 2121.97

🚀 Target 2: 2142.42

🛡️ Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position toward Target 2; if the price retraces to breakeven, exit all positions.

Deep Logic: The 4H level has formed a breakout structure with stable open interest, indicating that funds have not exited the market. The RSI on the 1H remains in a healthy zone and is not overbought. Data from the order book shows buy orders far exceeding sell orders, revealing a significant depth imbalance and strong support below. Combined with market logic, the price rising with stable open interest suggests major accumulation rather than a simple short squeeze, providing a solid foundation for a retest long.

View real-time chart 👇 $ETH

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