$ETH 1H level pullback EMA20 failed, price is suppressed below 2000. The 4-hour Bollinger Bands continue to narrow, with the price running in the lower zone, but the 1-hour MACD histogram has turned positive, indicating exhaustion of bearish momentum. The buy one price at 1998.2 has accumulated over 200 ETH orders, with a depth imbalance rate as high as 59%, and capital protection actions are evident.

Direction: Long

Entry/Limit Order: Entering in batches in the range of 1980.6 - 1984.7

Stop Loss: 1945.3

Target 1: 2142.6

Target 2: 2221.5

Trade Management:

Execution Strategy: After the price reaches the first target, reduce the position by half, and move the stop loss of the remaining position up to the entry price. If the price cannot stabilize above the 2000 whole number mark, consider exiting early.

The position size remains stable and has not collapsed with the price decline, indicating that the main force has not withdrawn on a large scale. The negative funding rate provides a slight short squeeze expectation. The current risk-reward ratio exceeds 4, making this position worth taking a limited risk to bet on a 4-hour level rebound. The key focus is on the support strength around 1980, which is the area of recent multiple dips.