【$ETH Signal】Pullback Buy! 1H Oversold Divergence + 4H Strong Support Resonance

$ETH 1H level is oscillating near a key support area, RSI has entered the oversold zone with signs of bottom divergence. 4H level price has retraced to the EMA50 moving average and previous dense trading zone, forming dual support. Open interest remains stable with no panic selling evident, appearing more like healthy pullback consolidation rather than major position liquidation. Negative funding rates suggest short-term bearish dominance, but price hasn't collapsed further, with potential for short squeeze.

🎯Direction: Long

⚡Entry/Orders: 2048 - 2053

🛑Stop Loss: 2005

🚀Target 1: 2245

🚀Target 2: 2341

🛡️Trade Management:
- Execution Strategy: Upon price reaching Target 1, reduce position by 50% and lock in profits, meanwhile move the stop loss of remaining position up to entry price. If price fails to break through the first target and falls back to entry zone, exit decisively and wait for next opportunity.

Depth Logic: 1H RSI has dropped to 41, on the edge of oversold, and with price lows declining while RSI lows rising, forming classic bottom divergence with rebound momentum accumulating. 4H price has precisely retraced to EMA50 (around 2045) and the breakthrough platform from late February, a critical defense line for bulls. Order book data shows abnormally thick buy depth below 2070, with large buy orders stacking up, indicating capital actively absorbing at this zone. Open interest remained stable during the price decline, not a bull collapse but rather short squeeze. Combined with negative funding rates, once price stabilizes and rebounds, short covering will accelerate the uptrend.

View Real-time Chart 👇 $ETH
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