【$ETH Signal】1H pullback confirmation, sniper at EMA20 support for rebound

$ETH The 1H timeframe is currently pulling back to test the key EMA20 support, with the price receiving initial support around 1976. The 4H timeframe shows a sideways upward structure, with the price holding above EMA20 (1969.8), but the EMA50 (1981.6) above acts as short-term resistance. The current 1H RSI (52.16) is neutral, and the buy depth (bid_ask_ratio_depth: 2.17) indicates strong support below, providing a basis for a short-term rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 1975.0 - 1978.0 (Reason: 1H EMA20 support zone and the current consolidation lower boundary )

🛑Stop Loss: 1965.0 (Reason: Break below the 1H previous low of 1967.0 and 4H EMA20 support )

🚀Target 1: 1990.0 (Reason: Recent 1H previous high and psychological level )

🚀Target 2: 2005.0 (Reason: 4H previous high resistance and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend is not fully clear, indicating a 1H level rebound battle )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry level (break-even). If the price cannot hold above 1980 and falls below 1975 again, exit early.

Depth logic: Open interest (OI) remains stable and does not drop sharply with price correction, indicating that long positions are not panicking out. Buy depth on the 1H is significantly better than sell depth (depth imbalance 36.84%), with dense buy orders accumulated in the 1976-1977 range, forming short-term support. Coupled with the 1H candlestick showing a lower shadow near EMA20, short-term rebound momentum is brewing.

View real-time market 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包