$ETH Signal: Bearish continuation, oversold zone accelerating again


$ETH RSI 4H drops to 16.8, MACD bearish histogram contracts but does not reverse. Market depth imbalance -84.78%, buying support almost disappears. Price is consolidating around 1590, with a clear order book gap.
🎯Direction: short
⚡Entry/Order: 1578.1413 - 1582.8900
🛑Stop loss: 1662.0345
🚀Target 1: 1464.1732
🚀Target 2: 1404.8149
🛡️Trade management: Reduce 50% of position at Target 1, move stop loss to entry point, remaining position based on Target 2.
Rebounds in this downtrend are always the most dangerous, current risk-reward ratio is 1.5, worth a shot.
Check real-time market 👇 $ETH
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ETH-4.88%
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