$ETH Signal】Short Sell | Rebound Meets Resistance, High-Level Distribution


$ETH Buy order depth ratio up to 8.27, price quickly retraced after touching 1849, indicating a clear shrinkage of funds chasing the rally at high levels.
1H MACD golden cross rebound momentum weakens, 4H MACD bearish bars continue to shrink but have not turned red.
RSI 1H 46, 4H 35, rebound space limited.
Current price approaching dense resistance zones at EMA20_1h and EMA50_1h.
🎯Direction: short
⚡Entry/Order: 1842.2666 - 1847.8100
🛑Stop loss: 1866.2881
🚀Target 1: 1820.0928
🚀Target 2: 1806.2343
🛡️Trade management: - Execute strategy: reduce 50% after reaching Target 1, and move stop loss to breakeven.
If the price falls back into the entry zone, automatically exit to protect capital.
Given this rebound strength, the profit and loss ratio for chasing longs is not ideal, leaning more towards short opportunities after rebound pressure.
The middle band of the 4H Bollinger Bands at 1933 shows obvious resistance, with support below at the previous low of 1816.
Check real-time market 👇 $ETH
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ETH-2.77%
BTC-4.2%
SOL-3.79%
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