【$ETH Signal】1H Triangle Convergence Ending Soon, Market Reversal Imminent!

$ETH The 1H timeframe shows price consolidating within a narrow range of $1990-$2003, forming a triangle convergence at the end, indicating an upcoming directional choice. The 4H timeframe experienced significant volatility yesterday but has stabilized above $1990, with stable open interest and no signs of main force distribution. The 1H RSI(52.72) is neutral to slightly bullish, and EMA20_1H($1984.7) provides dynamic support. Market depth shows buy orders significantly thicker than sell orders (imbalance of 29.43%), with a large accumulation of buy orders at $1990.6-$1990.7, forming a strong intraday support zone.

🎯Direction: Long (Long)

🎯Entry/Order: $1991.5 - $1993.5 (Reason: 1H triangle lower support zone near dense buy order area)

🛑Stop Loss: $1983.0 (Reason: Break below 1H EMA20 and yesterday’s low of $1985.6)

🚀Target 1: $2003.0 (Reason: Triangle upper resistance, previous high)

🚀Target 2: $2015.0 (Reason: 4H previous high resistance level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Volatility may increase before triangle breakout)

- Execution strategy: After price breaks $2003, move stop loss up to entry level $1991.5. Upon reaching Target 1, reduce position by 50%, remaining position targets Target 2. If price fails to break $2003 and falls back below $1991.5, exit proactively.

Depth logic: Current price is declining but open interest remains stable. Combined with the advantage in buy order depth, this suggests limited bearish pressure. Main force may be defending around $1990 to absorb buy orders. The 1H candles have closed above EMA20 for several consecutive bars, indicating a short-term bullish structure. Funding rate is extremely low at (0.0011%), with no risk of overleveraging. Focus on the price’s challenge at $2003; a volume breakout will confirm the return of short-term bullish momentum.

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