$ETH Short Signal: Selling pressure dominates, testing support


$ETH 1H sell wall order book depth -71.74%, bid-ask ratio 0.16, bears actively push down the price. 4H MACD bars are expanding but the price has not effectively broken above the Bollinger middle band at 1635.9, rebound momentum is weakening. RSI 1H has fallen back to 59, bulls lack the strength to continue the attack.
🎯Direction: short
⚡Entry/Order: 1618.4500 - 1623.3200
🛑Stop loss: 1639.5532
🚀Target 1: 1598.9702
🚀Target 2: 1586.7953
🛡️Trade management: - Execute strategy: reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
Selling pressure continues to suppress, with insufficient support below, short-term technical rebound has reached resistance zone, risk-reward ratio is worth trying.
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