$ETH Signal: 1H Bearish momentum continues, short-term sniper rebound decline

$ETH 1H MACD histogram has three consecutive expanding negative bars, selling pressure remains. 4H EMA20 at 1642 acts as resistance, the price has been blocked twice on rebound. Currently, buy orders on the order book are substantial (Bid/Ask 2.05), but bears actively break below the key support at 1610, raising doubts whether the downward pressure can be absorbed. From the risk-reward perspective, the stop-loss is at 1.1%, while the target is 1.5%, indicating a short-term bias toward the bears.

🎯Direction: short

⚡Entry/Order: 1603.8141 - 1608.6400 (execute directly in the current price zone)

🛑Stop-loss: 1624.7264

🚀Target 1: 1584.5104

🚀Target 2: 1572.4456

🛡️Trade management:
- Execution strategy: Reduce 50% of the position upon reaching Target 1, and move the stop-loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Depth logic: After the 4H MACD golden cross, the bearish structure has not been reversed, RSI on 4H is only 35.35, indicating weakness is not over. The funding rate at -0.0144% suggests low cost for short positions, but open interest remains stable, lacking short squeeze momentum in the short term. If the price rebounds to around EMA20 (1612) and encounters resistance, it could be an opportunity to add positions.

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