ETHSignal:-
1H Breakout Short Squeeze, Follow the Trend to Sniper
$ETH The 1H level strongly breaks above the Bollinger upper band, the 4H MACD histogram continues to expand, buying depth is unbalanced at -8.94%, but the price remains firm, with bears on passive defense.
Price consolidates above 2370, bullish momentum has not exhausted. At this level, go long directly, enter at the current price of 2373, with a stop below 2239. The first target is 2467, the second target is 2543.
Open interest remains stable along with negative funding rates, a typical short squeeze structure is brewing. The 1-hour trading volume increases during the breakout, but the latest candlestick shows decreasing volume, so a pullback confirmation is needed. The 4-hour Bollinger bands are opening upward, with the midline at 2335 forming dynamic support. The risk-reward ratio approaches 1:1, indicating a high-risk, high-reward momentum trade, and position size must be strictly controlled.
