【$ETH Signal】4H bearish continuation, 1H rebound blocked with a short setup

$ETH RSI 14 has fallen to 24.5, and buy orders are thin near the lower Bollinger Band at around 1753 on the 4H chart. The 1H MACD histogram has turned positive, but the price failed to hold above 1800, limiting the rebound height. Depth imbalance is -6.87%, with sell pressure continuing to suppress.
🎯Direction: short
⚡Entry/Order: 1776.65 - 1782.00
🛑Stop loss: 1799.82
🚀Target 1: 1755.27
🚀Target 2: 1741.91
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce the position by 50% and move the stop loss to breakeven. If the price drops back into the entry zone, auto-exit to protect capital.
The 1H MACD golden cross attempts to push higher, but the 4H trend has not reversed, with EMA20/50 clearly acting as resistance. Open interest (OI) remains stable, funding rate is 0.0068%, and there is a lack of short-squeeze momentum. Although RSI is oversold, it is not a basis for going long; the short-term risk-reward ratio of 1.5 for shorts is still attractive.
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