【$ETH Signal】1H timeframe bearish momentum strengthening, sniping the pullback

$ETH 1H timeframe MACD histogram continues to weaken, price is suppressed below EMA20 and EMA50. The middle band of the 4H Bollinger Bands around 2320 forms clear resistance, buying depth is imbalanced, and active sell orders are increasing.

Price is fluctuating within the 2304-2322 range, currently short at the current price, entry at 2304.

Place stop above 2362.

First target is 2242, second target is 2203.

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

The 4-hour MACD double lines are diverging below the zero line, indicating the bearish trend is expanding. The trading volume on the 1-hour chart increases during declines, showing weak willingness of funds to support. Market depth data shows sparse buy orders, and support below is not solid. The negative funding rate has failed to attract bulls to effectively rebound, and market sentiment is cautious. Under this structure, the price is likely to seek support near the lower Bollinger Band around 2270.

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