#Gate蓝龙虾重磅上线 【$ETH Signal】Pullback to buy! 1H bullish divergence + 4H strong support, main force clearly defending the market

$ETH The 1H timeframe is oscillating near a critical support zone (2000-2010) to build a bottom, showing clear bullish divergence between price and RSI. Although the 4H is in a short-term downtrend channel, the price has retraced to the EMA50 (around 2006), a key trend support, and open interest remains stable with no signs of panic selling, indicating that the main force is defending rather than dumping. The order book shows buy orders accumulating near 2017, with selling pressure concentrated above 2018, and bulls and bears are fiercely contesting here.

🎯Direction: Long

⚡Entry/Order: 1995.9 - 2001.0 (Gradual dip accumulation)

🛑Stop Loss: 1952.6

🚀Target 1: 2194.4

🚀Target 2: 2291.1

🛡️Trade Management:

- Execution Strategy: Use a phased entry, building positions in two batches within the range. After reaching Target 1, reduce positions by 50% and move the stop loss of the remaining position to the entry price. If the price fails to hold above the 1H EMA20 (around 2028) and falls below the entry zone again, consider it a failure and exit decisively.

Deep Logic: Although the price has declined, open interest remains stable. Coupled with negative funding rates, this looks more like long leverage liquidation rather than main force dumping. The 1-hour RSI has rebounded from oversold territory, forming bullish divergence, indicating short-term momentum is recovering. The 2000 round number support and 4H EMA50 form a double support, with strong buy-side depth at key levels, providing a foundation for a rebound. Currently, this is a typical “pullback to buy” setup with an advantageous risk-reward ratio.

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