【$ETH Signal】Pullback Long/Short Squeeze Play: 1H Oversold Rebound, Main Force Supports at Negative Funding Rate

$ETH After intense fluctuations between 1930-1968 on the 1H timeframe, signs of stabilization appear near the current price of 1968. Although the 4H cycle is in a downtrend, open interest remains stable, combined with negative funding rates, indicating a risk of short squeeze. The 1H RSI has rebounded from oversold territory, with buying interest concentrated around 1967. Strong recent support is seen in the 1940-1950 range below.

🎯Direction: Long (Long)

⚡Entry/Order: 1947.7 - 1967.4

🛑Stop Loss: 1925.0

🚀Target 1: 2000.0

🚀Target 2: 2035.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. Track the remaining position with the 1H EMA20 as a trailing take-profit line. If the price cannot hold above the entry zone, consider it a weak signal and exit decisively.

Order Book Logic: Although the price is declining, open interest has not decreased significantly, indicating it’s not purely a panic sell by longs. There may be institutional support at lower levels. Despite negative funding rates, the price has not plunged further, suggesting potential for a short squeeze. The 1H RSI shows early signs of bullish divergence, and the latest hourly candle shows buy volume at 57%, indicating short-term selling pressure may be weakening. Key is whether the price can find support within the suggested entry zone and break above the 1975-1980 1H moving average resistance zone.

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