$ETH Signal: 1H retesting support, negative funding rate brewing bullish rebound


$ETH Current price 1668.21, 1H Bollinger middle band at 1669.44 slightly oscillates below, 4H MACD bullish bars contract but remain above zero, RSI 51.59 neutral. Market depth ratio 0.5, sell orders significantly outnumber buy orders, but funding rate -0.0015% indicates continued short paying. This negative funding structure often pressures shorts to close positions, and if the price remains firm, it can trigger a short squeeze.
🎯Direction: Long
⚡Entry/Order: 1663.2054 - 1668.2100
🛑Stop loss: 1651.5279
🚀Target 1: 1693.2332
🚀Target 2: 1705.7447
🛡️Trade management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
4H period EMA20 at 1659.41 forms a dynamic support, with the upper Bollinger band at 1687.4, breaking through opens up space. Current risk-reward ratio 1.5, stop loss just below the 4H Bollinger middle band, structure is intact.
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ETH-0.90%
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