【$ETH Signal】Bearish continuation; the 1H MACD death cross is spreading

$ETH 1H MACD histogram -2.02 continues to expand, and there’s no sign of bearish momentum weakening. After the 4H Bollinger Band middle line at 1731 is broken, it turns into pressure/resistance; the lower band at 1706 forms short-term gravitational support. Order book depth shows active sell orders make up 59%, while buy-side absorption is weak.

🎯Direction: short

⚡Entry/Order: 1718.330 - 1723.500

🛑Stop loss: 1758.090

🚀Target 1: 1671.615

🚀Target 2: 1645.673

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

After the 4H EMA50 and EMA20 death cross, the rebound attempt lacks strength. The funding rate is 0.0039%, which is neutral to slightly low; the bulls show no intention to take charge. The current risk-reward ratio is 1.5. The short-term risk-reward is reasonable, but be alert for potential short-term resistance from buy orders stacked around 1718.

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