$ETH Signal】Rebound to resistance zone, short position entered, 4H bearish momentum continues


$ETH Buy order depth ratio reaches as high as 7.19, but price continues to trade below EMA20 (2274). The 4H MACD histogram shortens consecutively, indicating weakening bearish pressure, but the middle Bollinger band at 2298 forms clear resistance. Funding rate is -0.0079%, indicating bears are paying holding costs continuously, while bulls have not seized the opportunity to break through.
🎯Direction: Short (place order)
⚡Entry: Short position at 2320 (recommended entry near the upper limit of the zone)
🛑Stop Loss: 2342.10
🚀Target 1: 2286.34
🚀Target 2: 2267.75
🛡️Trade management: - Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If price falls back to entry price, automatically exit. Current risk-reward ratio is close to 1:2. Under the weak rebound background, the short order offers a decent risk-to-reward ratio.
Depth logic: OI remains stable with MACD showing a bearish alignment. Rebound to the dense moving average area is a common sniper point. 1H candles show small bullish candles with decreasing volume, indicating insufficient buying willingness to push prices higher, waiting for a rebound to release selling pressure.
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