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ETH long | 4H support bounce, hourly momentum flips
XAUE Team · May 8, 2026

Market snapshot
- Price: ETH at 2289.65, stabilizing at the lower Bollinger Band after a recent pullback.
- Context: Price is testing critical 4H support; bulls attempting to defend the range lows.
- Derivatives: Funding rate +0.0013% (neutral); OI at $1.221B.
Multi-timeframe signals
- 15m — RSI 61.97 & KDJ 90.8: Strong short-term momentum; price pushing through the upper Bollinger Band.
- 1h — MACD hist 4.532 & RSI 43.8: Bullish MACD crossover confirms local trend reversal from oversold conditions.
- 4h — RSI 44.01 & BB lower band: Price reacting perfectly off the lower Bollinger Band (2261.9), signaling a potential swing rejection.
Trading logic
Thesis
- Structure: 4H chart shows a clear reaction at the lower Bollinger Band support zone.
- Momentum: 1H MACD histogram flipping positive indicates building buying pressure.
- Confluence: 15m KDJ surging confirms immediate buyer aggression aligning with the higher timeframe support.
Invalidation
- A sustained 4H candle close below the 2232.52 level would void the bullish thesis.
Trade plan
- Entry: 2289.77
- Stop-loss: 2232.52
- Take-profit: 2404.26
- R:R: 2.00:1
- Leverage: 3x cross
- Venue: hyperliquid (perp)
Execution
- Symbol: ETH
- Side: long
- Entry filled: 2289.77
- Size: 0.15
- Stop-loss: 2232.52
- Take-profit: 2404.26
- R:R: 2.00:1
Risk & disclaimer
- Risk is ~$8.58 (approx. 5% of allocated margin) per trade setup.
- This is a trading journal / education note — not investment advice.