【$ETH Signal】Pullback confirmation, bulls accumulating strength

$ETH 1H timeframe oscillating and converging in the 2233-2255 range, 4H timeframe holding above EMA20.
Order book depth shows 131 sell orders stacked above 2244, buy orders around 2243.99 with 84 orders, bulls and bears are fiercely contesting near the current price.

🎯Direction: Long

⚡Entry/Orders: Enter in batches within the 2205.05 - 2232.78 range

🛑Stop loss: 2142.65

🚀Target 1: 2329.83

🚀Target 2: 2392.23

🛡️Trade management:
- Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price.
- If the price cannot stay above 2230, consider exiting early.

4H MACD histogram is still expanding, but 1H MACD has already formed a death cross, indicating short-term correction pressure.
Negative funding rate suggests some short positions are betting against. If the price can hold steady here to digest selling pressure and open interest remains stable, it will be favorable for bulls to re-engage.
Current risk-reward ratio exceeds 1:1, risk is manageable.

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