【$ETH Signal】Pullback to go long, accumulating above the 4H trend line

$ETH The 1H MACD histogram contracts above the zero line, price consolidates above the middle band of the Bollinger Bands, buy depth imbalance reaches -44.9%, but the 4H MACD double lines still form a golden cross upward, EMA20 and EMA50 are in a bullish alignment. Price repeatedly tests around 2397, with dense orders below in the 2357-2385 range, indicating clear support from funds.

🎯Direction: Pullback to buy

⚡Entry/Order placement: Enter near 2385.29, aggressive traders can also try a small position at the current price of 2397.

🛑Stop loss: 2315.88

🚀Target 1: 2439.38

🚀Target 2: 2480.55

🛡️Trade management: - Execute strategy: After the price reaches 2439, move half of the position's stop loss up to the entry price. Hold the remaining position to aim for the second target. If the price cannot hold above 2390 and drops again, consider exiting early.

The sideways movement on the 1H chart appears more like a bullish continuation rather than a top. Although buy depth shows selling pressure, the 4H EMA50 (2327) provides strong dynamic support. The funding rate at 0.01% is within a healthy range, with no signs of excessive euphoria, leaving room for further upward movement. The current risk-reward ratio is close to 1:2.8, making risk manageable. The key is whether the price can hold above 2380 in the next two hours.

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