【$ETH Signal】Pullback to go long / 1H breakout confirmation

$ETH 1H After a violent surge, the price has already moved above the upper Bollinger Band, and the RSI has shot up to 78, showing short-term overbought conditions. But on the 4H timeframe, the MACD histogram bars are still expanding aggressively; open interest remains stable, and there are clear signs of main capital inflow. At this level, chasing the high directly results in a poor risk-reward ratio—there needs to be a healthy pullback to wash out short-term floating positions.

🎯 Direction: Pullback to go long

⚡ Entry: Place orders around the 2117-2127 area for the wick

🛑 Stop loss: Below 2100

🚀 Target 1: 2168

🚀 Target 2: 2189

🛡️ Trade management:
- Execution strategy: After price hits Target 1, cut the position in half; move the remaining stop loss up to the entry price. If, after placing the order, the price immediately breaks down below 2100, abandon this trade.

The order book shows that the buy/sell depth around 2243 is still fairly good, but there are more than 30 ETH worth of sell orders stacked in the 2243.6 to 2243.7 area, creating short-term pressure. After the rally, the 1-hour trading volume sharply contracts, indicating that the momentum to chase higher has temporarily run out. The ideal script is for the price to pull back to the 1H EMA20 (around 2138) or a deeper recommended entry zone, while also watching whether buy-side depth thickens again. The 4H price has already broken above the upper Bollinger Band; this kind of deviation is usually not sustainable, but the trend strength is enough to support a second push after a pullback.

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