$ETH Signal】Long | Negative fee rate to go long


$ETH Funding rate -0.0011%, sell order depth ratio 60%, 4H Bollinger middle band at 1670 providing support. 1H MACD shows a death cross but price has not dropped significantly, bearish momentum is weakening.

🎯Direction: Long

⚡Entry/Order: 1669.9386 - 1674.8100

🛑Stop loss: 1650.4532

🚀Target 1: 1711.3453

🚀Target 2: 1729.6129

🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break even. If the price falls back to the entry level, exit.

Negative fee rate combined with stable open interest indicates high short position costs. Once the price stabilizes, short covering will trigger a rapid rebound. Currently, the price is close to the 4H MA20 (1669.87), short-term downward momentum is limited. Risk-reward ratio of 1.5x, within a reasonable sniper zone.

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