【$ETH Signal】4H Bearish continuation, 1H rebound weak, shorting setup

$ETH 4H MACD histogram continues to expand, bearish momentum shows no signs of weakening. Although the 1H MACD shows a golden cross, volume shrinks, and rebound strength is very weak. Funding rate -0.0099%, indicating crowded short bets, but price has not been effectively pushed higher, with clear signs of distribution at high levels.

🎯Direction: Short (Pending orders)

⚡Entry/Pending order: 2320.00

🛑Stop loss: 2351.19

🚀Target 1: 2295.21

🚀Target 2: 2276.55

🛡️Trade management:
- Reduce 50% upon reaching Target 1, move stop loss to break-even. If the price rebounds and breaks through 2330, exit early and observe.

Depth logic: The middle band of the 4H Bollinger Bands at 2318 forms short-term resistance, and the 1H rebound with decreasing volume indicates insufficient bullish follow-through. The depth imbalance ratio of 8.73 shows high virtual buy-side depth, but actual trading is light, possibly a trap of pending orders. In a negative funding rate environment, the price has not risen, and short covering momentum is exhausted, making rebounds a shorting opportunity.

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