$ETH Signal】Oversold rebound encounters resistance, 1H rebound momentum diminishes, bearish continuation


$ETH The 4H Bollinger lower band around 1566 provides temporary support, triggering a rebound, 1H MACD histogram turns positive but volume decreases, rebound height is limited. Selling pressure -13.31% continues to exert pressure, buying support is insufficient. RSI 14 at 16.79 indicates extreme oversold conditions, but the 1H rebound has not stabilized above the 1600 level, raising doubts about bullish reversal strength.
🎯Direction: short
⚡Entry/Order: 1577.5930 - 1582.3400
🛑Stop loss: 1661.4570
🚀Target 1: 1463.6645
🚀Target 2: 1404.3267
🛡️Trade management: - Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back into the entry zone, exit automatically to protect capital.
Current risk-reward ratio is about 1.5, but in oversold conditions, short positions should be cautious of sudden short squeezes; strict stop-loss execution is crucial. Although 4H downside momentum has slowed, the 1H rebound structure remains weak, and negative funding rates have not stimulated bulls to enter, allowing the bearish logic to continue.
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