【$ETH Signal】Long logic: Negative funding rate + short squeeze game under depth imbalance

$ETH Depth imbalance -28.25%, sell-side order thickness significantly higher than buy-side. But the funding rate remains negative at -0.0014%, continuously incurring costs for shorts. Open interest remains stable around $6.4 billion, with no signs of panic selling. The 1-hour Bollinger Bands have contracted to the extreme, with price ranging sideways between 1676-1680, approaching a breakout point.

🎯Direction: Long

⚡Entry/Order placement: Place orders in the 1676.881 - 1679.400 range

🛑Stop loss: 1662.606

🚀Target 1: 1704.591

🚀Target 2: 1717.187

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

Depth logic: Sell orders pile up but haven't pushed the price down, indicating shorts are dominant but the negative funding rate suggests ongoing costs. Once buying power actively increases, passive short covering will accelerate the upward move. Current risk/reward ratio is 1.5, risk is controllable, suitable for small stop-loss short squeeze trades.

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