【$ETH Signal】Short | Seller depth dominates; 1H rebound hits resistance

$ETH Bid-ask depth ratio is 1.72, and the short order density is 26% higher than longs. The 1H MACD histogram is growing, but price remains capped by EMA20. RSI 45.28 hasn’t reached the oversold zone yet, and rebound momentum is clearly weakening. The 4H Bollinger lower band at 1724.9 provides short-term support, while the 4H middle band at 1767 forms strong resistance. The funding rate is 0.007%, which is neutral-to-low, and there’s no risk of a short squeeze. The current risk-reward ratio is 1.5, and the cost-effectiveness of shorting is acceptable.

🎯 Direction: Short

⚡ Entry / Limit order: 1734.44 – 1739.66

🛑 Stop loss: 1757.06

🚀 Target 1: 1713.57

🚀 Target 2: 1700.52

🛡️ Trade management:
- Execution strategy: Reduce the position by 50% after reaching Target 1, and move the stop loss up to breakeven. If the price drops back to the entry level, exit automatically to protect principal.

Depth logic: Although the 1H MACD bearish bars are shrinking, price has not effectively broken above EMA20 (1742.87). The 4H RSI 46.05 is in a weak zone, and combined with the depth data showing sellers’ active sell pressure, short positions have a strong willingness to be taken. The short-term rebound is highly likely to be capped, making a move down to 1713 and even 1700 a reasonable path.

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