【$ETH Signal】Pullback to buy, confirm on the right side

$ETH 1H level retracement with decreasing volume back to EMA20, price consolidating around 2250. The 4H MACD histogram is still expanding, but the 1H histogram is beginning to contract, indicating short-term momentum slowing down. Market data reveals that sell orders above 2251.96 are very thick, forming a short-term resistance wall.

Price within the 2201 to 2240 range, buying interest will gradually emerge. Currently, chasing higher at the current price offers a poor risk-reward ratio, so waiting for a pullback is more suitable.

⚡Entry: Place buy orders around 2210, which is a resonance zone supported by the 4H EMA20 and 1H structure.

🛑Stop loss: 2139.58, a break below this level indicates the short-term bullish structure has failed.

🚀Target 1: 2324.49, corresponding to the upper band of the 4H Bollinger Bands and previous high resistance zone.

🚀Target 2: 2386.12, an extension target after breaking previous highs.

🛡️Trade management:
- Execution strategy: After the price reaches 2324, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 2240 and falls back again, consider exiting early.

Currently, negative funding rates favor bulls, but open interest remains stable, with no signs of short squeeze as OI does not rise simultaneously. The 1H RSI is around 66, not overbought. The key is whether the price can hold the bullish line at 2200-2210 during the pullback; holding this is a healthy shakeout. Weekend liquidity is usually thinner, volatility may increase, and position management is more important than directional judgment.

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