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ETH order book bid support is decent, but the 4-hour 1600 level continues to face pressure. Current price is 1573, hourly bearish momentum is gradually weakening. There are large sell orders concentrated at 1582-1585, and the funding rate is weakly neutral!
Rebound to 1583-1590 is expected to fall back, with a risk control boundary at 1598, targeting 1550 and 1520 below!
The 4-hour RSI is at 43.5 with no oversold condition, leaving ample downside space. A risk-reward ratio of 1.5 can withstand short-term bullish traps! #ETH $ETH