【$ETH Signal】Pullback confirmation, 4H Bollinger middle band sniper long

$ETH 1H timeframe price repeatedly tests the 2330-2350 zone, buy order depth imbalance reaches -74.11%, and the short selling pressure is quickly absorbed. Although the 4H MACD histogram bars are contracting, they still remain above the zero line overall, meaning the trend is still intact. The 1H RSI has rebounded from the oversold zone to 40.43, with signs of bearish momentum exhaustion starting to emerge.

Within the 2323.06 to 2354.29 range, the EMA50 at 2327 below and the 4H Bollinger lower band at 2263 form a double-layer defense line, making this spot a highly favorable risk-reward for going long.

🎯Direction: Long

⚡Entry: Enter directly around the current price of 2347, or place a pending order at 2323.06.

🛑Stop loss: Set uniformly below 2304.44.

🚀Target 1: 2454.00

🚀Target 2: 2503.86

🛡️Trade management: - Execute the strategy: after the price touches 2454, halve the position, and move the remaining stop loss up to the cost basis. If the price cannot hold above 2350 and breaks back down into the entry area, exit unconditionally.

Order book data reveals sparse sell orders, with extremely thick buy-stop orders below; the intent to support funds is clear. When price dips, the 1-hour timeframe’s trading volume does not significantly expand, indicating a decline without volume—drifting lower. Combined with stable open interest and a slightly positive funding rate, this looks more like a chip-clearing during an upward move rather than a trend reversal. The 4H price is still running tightly above the Bollinger middle band at 2336, and the structure has not broken.

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