$ETH Signal Short-term Bearish, 4H Bollinger Band Contracting at Upper Band Resistance


$ETH 4H Bollinger Band upper band at 1732, current price 1656, 4.4% below the upper band, middle band at 1643 with risk of breakdown. 1H MACD double lines diverging downward, histogram negative but narrowing without a golden cross, rebound strength insufficient. Buying depth at 1.16 but trading volume shrinking, doubt over capital support. Short-term bearish logic valid.

🎯Direction: short

⚡Entry/Order: 1651.8994 - 1656.8700

🛑Stop Loss: 1720.4721

🚀Target 1: 1561.4668

🚀Target 2: 1513.7653

🛡️Trade Management: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, automatically exit.

Funding rate negative at -0.0038%, short sellers pay lower costs, suitable for holding short positions. 1H RSI at 46.72, neutral leaning weak, no oversold signals, shorts still have room. If it breaks below the previous low of 1613, accelerate downward.

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