【$ETH Signal】Pullback Long! 1H Oversold Divergence + 4H Strong Support Confluence

$ETH 1H timeframe is oscillating near key support zone, RSI has entered oversold territory with signs of bottom divergence. 4H price has retraced to EMA50 and previous dense trading zone, forming dual support. Open interest remains stable with no panic selling, this looks more like healthy pullback liquidation rather than main force exit. Negative funding rates suggest short-term bear dominance, but price hasn't further crashed, indicating potential for short squeeze.

🎯Direction: Long

⚡Entry/Pending Order: 2048 - 2053

🛑Stop Loss: 2005

🚀Target 1: 2245

🚀Target 2: 2341

🛡️Trade Management:
- Execution Strategy: When price reaches Target 1, reduce position by 50% and lock in profits, simultaneously move stop loss on remaining position up to entry price. If price fails to break through first target and pulls back to entry zone, should decisively exit and wait for next opportunity.

Deep Logic: 1H RSI has fallen to 41, at the edge of oversold, and with price lows descending while RSI lows rising, forming classic bottom divergence, bounce momentum is accumulating. 4H price has precisely retraced to EMA50 (around 2045) and late February breakout platform, this is a key defensive line for bulls. Order book data shows buy side depth is abnormally thick below 2070, large buy orders stacking up, indicating active capital absorption in this zone. Open interest remained stable during price decline, not a bull collapse, more like bear squeeze. Combined with negative funding rates, once price stabilizes and rebounds, short covering will accelerate upside.

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