【$ETH Signal】1H rebound encounters resistance, bearish structure not broken

$ETH 1H level rebound to around EMA20, 2132.96 forms short-term resistance. The 4H MACD bullish momentum continues to shrink, and the price remains below the middle band of the Bollinger Bands. The order book shows sell orders stacking above 2127.38, with buy orders concentrated around 2127.25. Bulls and bears are fiercely contesting in this area.

🎯Direction: Watch and wait (await structure confirmation)

⚡Entry/Orders: Short if price breaks below 2120, or go long if it breaks above 2135

🛑Stop Loss: Short stop loss at 2138, long stop loss at 2115

🚀Target 1: Short target at 2105, long target at 2150

🚀Target 2: Short target at 2090, long target at 2165

🛡️Trade Management:
- Execution Strategy: After order fill, if the price reverses by 0.5%, consider the order invalid and manually cancel. After reaching Target 1, move stop loss to break-even.

Current open interest remains stable, funding rate is neutral, lacking momentum for a breakout. The 1-hour RSI hovers around 55, neither overbought nor oversold, indicating typical consolidation. Under this market condition, risk-reward ratio is poor, and forcing trades may lead to repeated losses. A more prudent approach is to wait for the price to establish a clear direction, whether it breaks below 2120 with increased volume or firmly holds above 2135 as a short-term resistance, both will provide clearer trading signals.

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