【$ETH Signal】Pullback to Long! 1H pullback confirmation, 4H strong breakout followed by consolidation

$ETH The 1H timeframe, after experiencing a violent surge yesterday, is currently in a healthy pullback and consolidation phase. The price is oscillating within the 2050-2080 range, with the 1H EMA20 (2024) forming dynamic support. The 4H level has confirmed a breakout of the long-term downtrend line, indicating a trend reversal to bullish. Currently, the order book depth is significantly thick (depth imbalance 35.97%), and open interest (OI) remains stable with no signs of large-scale long liquidation. This signals a strong correction rather than a reversal.

🎯Direction: Long (Long)

🎯Entry/Order: 2048 - 2055 (Reason: 1H EMA20 support zone & pullback confirmation after yesterday’s breakout)

🛑Stop Loss: 2035 (Reason: Break below the 1H consolidation platform low & protective stop)

🚀Target 1: 2085 - 2095 (Reason: Yesterday’s high resistance zone & 1H previous high)

🚀Target 2: 2140 - 2150 (Reason: 4H previous high resistance & Fibonacci 0.618 extension level)

🛡Trade Management:

- Position suggestion: Standard position (Reason: 4H trend confirmed, 1H structure clear, favorable risk-reward ratio)

- Execution strategy: After reaching Target 1 zone, reduce position by 50%, and move the remaining position’s stop loss to the entry price (break-even). If the price strongly breaks above 2100, move the remaining stop loss up to 2070 to aim for Target 2.

Depth logic: This rally is driven by genuine buying (high ratio of large buy orders), not just short covering. The 1H RSI (67.4) is healthy after dropping from overbought territory, preparing for further upward movement. The 4H RSI (68.34) has just entered a strong zone, with room to go higher. Key observation point: the price must hold the 2040-2050 zone; if volume increases and it breaks below, the short-term bullish structure is broken, and it’s time to exit and wait. This is a typical “breakout - pullback - re-acceleration” scenario, with volatility representing profit. Seize this pullback window.

Check real-time market 👇 $ETH

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