$ETH Signal】1H support level, game of short squeeze and rebound after bearish pressure


$ETH The 1H timeframe price repeatedly tests near the lower Bollinger Band at 2256, with buy-side depth imbalance of -10.82%, sellers actively selling but support begins to appear below. The 4H MACD histogram narrows in negative territory, indicating weakening bearish momentum. The 1-hour chart shows three consecutive candles closing above 2270, with selling pressure quickly absorbed.

This position offers a good risk-reward ratio, you can try going long.

⚡Entry: Enter at the current price around 2280, or place an order at 2269.48.

🛑Stop Loss: Strictly place above 2336.84.

🚀Target 1: First look at 2281.21.

🚀Target 2: Then look at 2262.66.

🛡️Trade Management: - Execute strategy: After reaching Target 1, cut half of the position, move stop loss to break-even. If the price reverses back to the entry point, exit unconditionally.

Funding rate turns negative to -0.036%, open interest remains stable, indicating short-term short squeeze potential. The 1-hour RSI rebounds from oversold at 35.7, combined with buy-side depth data, showing clear intent of capital support. The 4-hour price has touched the lower Bollinger Band, with short-term deviation from the moving average being excessive, suggesting a need for technical correction.

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