【$ETH Signal】1H turning strong, negative funding rate short squeeze rebound

$ETH 1H level MACD histogram turns red and expands, price breaks above the middle Bollinger band. The 4H level is still suppressed by EMA20, but the lower Bollinger band around 2248 forms a clear support zone. Market depth is unbalanced -76.92%, sell orders are very thin, slight buying can push the price up. In a negative funding rate environment, short positions' holding costs increase.

Price can directly go long within the range of 2302.55 to 2317.75.

Defensive level set below 2284.09.

First target looks towards 2385.08.

Second target looks towards 2418.74.

🛡️ After reaching the first target, halve the position, and move the remaining stop-loss up to the entry price. If the price falls back to the entry point, exit unconditionally.

1-hour buy momentum continues to push higher, the price has broken through the short-term moving average cluster. Although the 4-hour MACD is below zero, the bearish momentum histogram continues to shrink, increasing downward resistance. Open interest remains stable, and negative funding rates exert pressure on shorts. Under this structure, the probability of testing the 4-hour middle Bollinger band at 2346 upwards is increasing. The risk-reward ratio is favorable, worth a try.

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