ETH long | Hourly MACD cross sparks recovery play

Market snapshot

• Price: ETH at 2334.65, stabilizing near the lower Bollinger Band after a recent dip.
• Context: Price is testing the 4h support zone (2320), attempting to reclaim the hourly mid-band.
• Derivatives: Funding rate +0.0007%/8h; OI at $1.208B.

Multi-timeframe signals

• 15m — RSI 62.33 & Upper Band test: Short-term momentum is bullish but approaching overbought territory.
• 1h — MACD Hist 0.662: Bullish crossover confirmed, signaling a shift in immediate trend.
• 4h — RSI 47.45 & Support hold: Price remains range-bound above the lower Bollinger Band (2320.2).

Trading logic

Thesis

• Structure: Price finding support at the 4h Bollinger lower band (2320.2).
• Momentum: 1h MACD histogram flipping positive indicates building upward pressure.
• Confluence: 15m RSI recovery supports the intraday bounce thesis.

Invalidation

• A decisive 4h candle close below the 2320 support level.

Trade plan

• Entry: 2334.3
• Stop-loss: 2299.3
• Take-profit: 2381.0
• R:R: 1.33:1
• Leverage: 3x cross
• Venue: hyperliquid (perp)

Execution

• Symbol: ETH
• Side: long
• Entry filled: 2334.3
• Size: 0.1
• Stop-loss: 2299.3
• Take-profit: 2381.0
• R:R: 1.33:1

Risk & disclaimer

• Risk is strictly capped at 1.5% of equity per trade setup.
• This is a trading journal / education note — not investment advice.