$ETH Short signal: Deep sell pressure dominates; 1H rebound momentum is exhausted


$ETH The deep order book shows a gap in buy orders. Sell orders account for 92%, and the bulls’ ability to absorb is extremely weak. The 1H MACD forms a golden cross on declining volume, and upward momentum fades quickly. The 4H Bollinger Band middle line at 2313 is acting as resistance; the price still hasn’t managed to reclaim it, so the bearish structure continues.
🎯Direction: Short
⚡Entry/Order: 2320.00 (recommended near the upper bound of the range)
🛑Stop loss: 2347.44
🚀Target 1: 2291.55
🚀Target 2: 2272.92
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss down to the entry price. If the price rebounds above 2335, hold cautiously and consider exiting early.
Deep logic: Although the funding rate is positive, it is extremely low. OI remains stable, indicating the market lacks active buying motivation. The 1H RSI has dropped from 55 to 48, with a smooth continuation of bearish pressure. Calm assessment: The risk-reward ratio at this level is 2:1. The main risk for shorting comes from sudden buying, but the current structure favors the bears.
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