【$ETH Signal】Long | 1H strong short squeeze, capital inflow drives breakout

$ETH The 1H timeframe is consolidating strongly above EMA20, with the price holding firmly above 2100. The 4H timeframe has formed a three consecutive bullish breakout pattern, with volume and price rising together, and the latest 1-hour candlestick shows a surge in buy order depth (buy order depth ratio 70%), which is a typical short squeeze signal. Open interest remains stable, funding rates are healthy, and the main force’s intention to defend the price is clear, with strong short-term momentum.

🎯Direction: Long (Long)

🎯Entry/Order: 2102 - 2105 (Reason: Strong support at the lower end of the current consolidation zone, dynamic support from 1H EMA20 )

🛑Stop Loss: 2080 (Reason: Break below the 1H previous low support and ATR lower band )

🚀Target 1: 2150 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 2200 (Reason: Psychological round number and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Standard lot (Reason: 4H and 1H resonance upward, clear signals )

- Execution strategy: After the price reaches 2150, reduce position by 50% and move stop loss to entry price. Hold remaining position for the second target. If the price retraces to 2105 and breaks below, exit all.

Depth logic: After a volume surge between 21:00-22:00, the price did not significantly retrace but instead moved sideways at high levels. The order book shows buy order depth (bid_ask_ratio_depth=1.26) far exceeds sell orders, indicating an imbalance. Although RSI on the 1H chart is high (88.01), in a strong short squeeze environment, it may remain subdued. Stable open interest indicates that new funds have not exited, and combined with positive funding rates, the bears face ongoing squeezing pressure.

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