【$ETH Signal】1H breakout retest confirmation, sniper intraday short squeeze rebound

$ETH At the 1H level, after experiencing a large bullish candle yesterday, the price is currently in a strong consolidation at a high level. The price remains firmly above the 1H EMA20 (1891.5) and 4H EMA20 (1895.7), which is a sign of short-term strength. The last 1-hour candlestick closed at 1925.62, closely aligned with the current order book, indicating fierce competition between buyers and sellers near the round number. On the 4H level, the price has broken above the previous consolidation range (around 1900), signaling an upward trend, but caution is needed near the EMA50 (1928) resistance. The current order book depth is severely imbalanced (-89.99%), with a large sell order at 1925.49, a typical resistance level. Once absorbed by buying, it could trigger a rapid short squeeze upward.

🎯Direction: Long (Long)

🎯Entry/Order: 1925.5 - 1926.0 (Near current price) or dip to 1915-1918 area to add longs in batches

🛑Stop loss: 1908.0 (Below the 1H EMA20 and previous small platform)

🚀Target 1: 1945.0 (Near previous high, also the first resistance on the 4H level)

🚀Target 2: 1970.0 (Potential pressure at the daily trendline)

🛡️Trade management:

- Position suggestion: Light position to standard size. Reason: The 4H trend has just turned bullish, but the 1H is on the verge of overbought (RSI 67.36), with high volatility (ATR 40), so risk control is necessary.

- Execution strategy: If entering at the current price, reduce position by 50% after reaching Target 1, and move stop loss to entry price. The remaining position targets Target 2, with consideration to take full profit near Target 2. For a retracement-based long entry, consider entering in two batches at 1918 and 1915 with a unified stop loss.

Depth logic: Over the past 24 hours, the price has increased by 5.47%, but open interest (OI) remains stable. This is not purely a short squeeze; there may be new long funds entering to absorb. Although the 1H RSI is high, it has not entered extreme overbought territory, leaving room for further upside. The key is whether the massive sell order of 321 ETH at the order book’s first level can be absorbed, which is a direct signal of a potential reversal. The funding rate at 0.0039% is relatively low and healthy, excluding the risk of a high-fee dump. Combining market logic, “price rising, consider open interest,” the current stable OI with rising price suggests main force support or mild accumulation logic.

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