$ETH Signal | Negative fee rate deep support, low buy order volume

$ETH Bid/Ask depth ratio 5.37, buy volume is 5 times the sell volume. Funding rate -0.0116%, bears continue to subsidize bulls. 1H Bollinger Bands narrow to 2355-2388, price is close to the lower band. In the short term, bearish momentum is weakening, with dense buy orders below, showing clear willingness to absorb.

🎯Direction: Long (placing orders)

⚡Entry/Order: Range orders at 2357.0 - 2363.9

🛑Stop loss: 2319.3

🚀Target 1: 2432.5

🚀Target 2: 2470.3

🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break-even, and exit if it retraces to the entry level.

Depth logic: 4H MACD shows a death cross, but 1H RSI has fallen to 47.57, indicating weakening selling momentum. Open interest remains stable with no abnormalities, and in a negative fee rate environment, the safety margin for bulls is relatively high. This is a good risk-reward opportunity, but patience is needed until the price drops back into the order zone to trigger.

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