【$ETH Signal】Long After Pullback Confirmation, Short Squeeze Play Under Negative Funding Rate

$ETH price has retreated from the previous high of 2377, but volume is shrinking at the 4H level with selling pressure exhausted. The key phenomenon is that price remains firmly above 2320 under negative funding rates, with buy-side depth significantly stronger than sell-side (depth imbalance -44.77%), which is typical of shorts forced to hold positions and facing funding rate losses. At the 1H level, price finds support near EMA20 (2320.9), combined with large orders stacking at 2320.36 (37 coins) on the order book, indicating clear intention to support below.

🎯Direction: Long

⚡Entry: 2316 - 2322

🛑Stop Loss: 2279

🚀Target: 2429 / 2489

🛡️Strategy: Reduce half position at target 1, move remaining positions to breakeven, pursue higher targets.

View Live Market 👇 $ETH
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