$ETH Signal | Bearish Continuation | 1H Rebound Exhaustion

$ETH The 4H MACD bearish histogram narrowed to -5.74, but the 1H buy depth of 1.60 shows active buying support below. RSI 4H is at 34.10 in the oversold zone, while 1H RSI at 42.48 indicates a weak rebound. The 1H Bollinger Band lower band is at 1537.28, with the current price of 1551.42 near the lower band, but the bearish trend remains unchanged. The funding rate is -0.0010%, reflecting unchanged bearish sentiment. Risk-reward ratio assessment: Short target 1 distance is 1%, stop loss distance is 4.6%, acceptable but caution against oversold bounce.
🎯Direction: Short
⚡Entry/Pending Order: 1547.1147 - 1551.7700
🛑Stop Loss: 1622.8390
🚀Target 1: 1445.1666
🚀Target 2: 1391.8649
🛡️Trade Management: Execution strategy: Reduce 50% position upon reaching Target 1, and move stop loss to breakeven. If the price falls back to entry, exit automatically to protect principal.
Deep logic: 4H MACD bearish momentum is weakening but no golden cross. 1H buy depth of 1.60 fails to push the price above 1555, indicating no follow-through momentum from buyers after selling pressure is absorbed. OI is stable, open interest has not decreased significantly, and bearish active selling pressure may persist.
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