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$ETH Signal】Long - 1H pullback confirmation, 4H trend continuation, strong support from main players
$ETH After experiencing a rapid surge, the 1H timeframe is undergoing a healthy pullback and consolidation, with the price building a platform between 2050-2075. The 4H timeframe has formed a clear bullish engulfing pattern, indicating a trend shift from bearish to bullish. Currently, the price is supported above the 1H EMA20 (2036), and open interest (OI) remains stable. In a negative funding rate environment, the price stays firm, suggesting potential for a short squeeze.
🎯Direction: Long (