【$ETH Signal】1H level V-shaped reversal, confirm pullback and target rebound
$ETH The 1H timeframe just completed a sharp V-shaped reversal, with the price violently rising from the 1940 low to 1989, then retracing to around 1968. Currently, the 1H candlestick stabilizes above the EMA20 (1975), RSI (46.67) has exited the oversold zone, indicating short-term buying interest is entering. Although the 4H timeframe is still in a downtrend, the price has formed a double bottom in the 1960-1970 range, with stable open interest, and no significant increase in short positions, providing a window for a short-term rebound.
🎯Direction: Long (Long)
🎯Entry/Order: 1965 - 1970 (Reason: 1H EMA20 support zone and V-shaped reversal neckline retracement)
🚀Target 1: 1990 (Reason: Resistance at previous high on 1H and EMA50 pressure)
🚀Target 2: 2010 (Reason: Previous high on 4H at 2008.64 and Fibonacci 0.382 retracement level)
🛡️Trade Management:
- Position size suggestion: Light (Reason: 4H trend has not fully reversed, volatility ATR reaches 43.5)
- Execution strategy: After reaching Target 1 at 1990, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1970. If the price strongly breaks through 1995, target the remaining position towards 2010.
Deep logic: The 1-hour chart shows a large long upper shadow (1999->1942) between 13:00-14:00, a typical shakeout and accumulation move. The price quickly recovers, indicating strong buying interest below. Market depth shows large buy orders accumulated around 1967-1968 (over 280 ETH), forming a short-term support wall. Negative funding rate (-0.0047%) suggests excessive short positioning, with a risk of short squeeze. Open interest remains stable, and no panic covering occurs during price declines, indicating initial signs of main force defending the price.
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HighAmbition
· 11h ago
To The Moon 🌕
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Peacefulheart
· 12h ago
2026 GOGOGO 👊
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AYATTAC
· 13h ago
To The Moon 🌕
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AYATTAC
· 13h ago
2026 GOGOGO 👊
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LittleGodOfWealthPlutus
· 14h ago
🐴Wishing you good luck in the Year of the Horse, wealth, and glory!🐴
【$ETH Signal】1H level V-shaped reversal, confirm pullback and target rebound
$ETH The 1H timeframe just completed a sharp V-shaped reversal, with the price violently rising from the 1940 low to 1989, then retracing to around 1968. Currently, the 1H candlestick stabilizes above the EMA20 (1975), RSI (46.67) has exited the oversold zone, indicating short-term buying interest is entering. Although the 4H timeframe is still in a downtrend, the price has formed a double bottom in the 1960-1970 range, with stable open interest, and no significant increase in short positions, providing a window for a short-term rebound.
🎯Direction: Long (Long)
🎯Entry/Order: 1965 - 1970 (Reason: 1H EMA20 support zone and V-shaped reversal neckline retracement)
🛑Stop Loss: 1949 (Reason: Break below previous low 1940.01 and ATR lower band)
🚀Target 1: 1990 (Reason: Resistance at previous high on 1H and EMA50 pressure)
🚀Target 2: 2010 (Reason: Previous high on 4H at 2008.64 and Fibonacci 0.382 retracement level)
🛡️Trade Management:
- Position size suggestion: Light (Reason: 4H trend has not fully reversed, volatility ATR reaches 43.5)
- Execution strategy: After reaching Target 1 at 1990, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1970. If the price strongly breaks through 1995, target the remaining position towards 2010.
Deep logic: The 1-hour chart shows a large long upper shadow (1999->1942) between 13:00-14:00, a typical shakeout and accumulation move. The price quickly recovers, indicating strong buying interest below. Market depth shows large buy orders accumulated around 1967-1968 (over 280 ETH), forming a short-term support wall. Negative funding rate (-0.0047%) suggests excessive short positioning, with a risk of short squeeze. Open interest remains stable, and no panic covering occurs during price declines, indicating initial signs of main force defending the price.
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