【$ETH Signal】1H Strong Breakout Pullback, Sniping for Second Attack

$ETH The 1H timeframe has experienced a massive surge and is currently consolidating and pulling back at high levels. The price has stabilized above 2050, and the 1H EMA20 (2008) has turned into a strong dynamic support. A single long candle on the 4H chart confirms a short-term upward trend, and the current pullback confirmation presents an excellent opportunity for a second entry. Open interest (OI) remains stable with no signs of main force distribution, and the order book shows deep buy-side volume (78.79%), making the pullback a good buying opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 2048 - 2053 (Reason: 1H EMA20 support zone and dense cluster of previous hour’s low points)

🛑Stop Loss: 2035 (Reason: Break below recent 1H consolidation low and ATR lower band)

🚀Target 1: 2075 (Reason: Previous high resistance level and round number)

🚀Target 2: 2100 (Reason: 4H previous high and psychological resistance level)

🛡️Trade Management:

- Position Size Recommendation: Standard position (Reason: 4H and 1H trend resonance, favorable risk-reward ratio)

- Execution Strategy: After reaching 2075, reduce position by 50% and move stop loss to entry price. Hold the remaining position for the second target; if the price retraces to breakeven, exit all.

Deep Logic: A single 4H candle with over 5% increase accompanied by a volume surge indicates a breakout driven by main capital. Although the 1H RSI (71.91) is high, it does not signal an immediate reversal in a strong trend. Open interest remains stable during the price rise, indicating not just short covering but new long positions. The buy-side order book depth significantly exceeds the sell side, with strong support below. Coupled with low funding rates, the market shows no signs of overheating, and short-term upward momentum remains.

Trade here 👇 $ETH

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