$ETH Signal | High-altitude pending orders, selling pressure above waiting to be released

$ETH Bid/Ask depth ratio 4.92, buying orders cannot support the price, 4H MACD golden cross but weak rebound, 1H Bollinger bands tightening to 2171-2196, funding rate 0.0056% normal, market is in narrow range fluctuation. Large sell orders are accumulating near the upper boundary of 2264.78; failure to break through is a shorting opportunity.

🎯Direction: Short (Pending order)

⚡Entry/Order placement: 2264.78

🛑Stop loss: 2282.90

🚀Target 1: 2228.54

🚀Target 2: 2210.42

🛡️Trade management:
- Execution strategy: After the pending order is triggered, if the price rebounds above 2275, exit early. Reduce 50% of the position upon reaching Target 1, move stop loss to break-even. If the price quickly breaks below 2210, hold the remaining position until Target 2.

The buy-side depth ratio of 4.92 seems strong, but the price is stuck at the lower end of the range, indicating that sellers are also resisting stubbornly. The 4H MACD golden cross has not led to sustained buying, and if the bulls are unable to break through 2264, the bears will take control. The 1H RSI at 46.39 is neutral, lacking clear direction, waiting for volume to determine the trend.

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