$ETH Short signal: Selling pressure dominates, 4H downtrend continues


$ETH Buy and sell order depth ratio 0.44, sell orders nearly 2.3 times the buy orders, no signs of capital support. The 4H RSI is at 27.82 entering oversold territory but no volume rebound observed, 1H MACD bars have narrowed but DIFF remains in the negative zone below zero, rebound strength is weak. Yesterday, two attempts to break 1787 were pushed back by selling pressure, current price around 1769 shows insufficient support.
🎯Direction: Short
⚡Entry/Order: 1764.5504 - 1769.8600
🛑Stop loss: 1846.9760
🚀Target 1: 1654.1859
🚀Target 2: 1596.3489
🛡️Trade management: Reduce position by 50% after reaching Target 1, and move stop loss to breakeven. If price falls back into the entry zone, automatically exit to protect capital.
In a distorted order book, bears hold absolute dominance, and short-term rebounds are new entry points. If the 1H Bollinger lower band around 1747 is broken downward, bearish momentum will accelerate. The current risk-reward ratio is approximately 1:1.5, risk is controllable.
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