$ETH Signal: 1H breakdown and downside continuation as bearish momentum persists

$ETH The 1H Bollinger Bands open downward and expand; the price has been closing continuously below the EMA20. The MACD histogram’s negative value has widened to -2.27, and bearish volume momentum keeps accumulating. Order book depth is imbalanced by -68.29%; the Bid/Ask ratio is only 0.19, with dense sell orders pressing the price down. On the 4H timeframe, the MACD dead cross diverges, with both the fast and slow lines operating in a negative value range. The current price is around 1860, just one step away from the 1H lower band at 1848, with a higher probability of a breakdown.
🎯Direction: short
⚡Entry/Orders: 1854.9085 - 1860.4900
🛑Stop loss: 1901.7218
🚀Target 1: 1798.6422
🚀Target 2: 1767.7183
🛡️Trade management: After reaching Target 1, cut 50%, and move the stop loss up to breakeven. If the price drops back to the entry zone, automatically exit to protect the principal.
$ETH
The 1H RSI has fallen to 34.77, not yet in the oversold zone; the bears still have room to move lower. Funding rate is 0.0063%, and long positions’ cost basis is extremely low, but the price hasn’t stabilized, suggesting weak buy-side follow-through. Calmly assess the current risk-reward ratio of about 1.5; the stop-loss distance is reasonable, and the short position is actionable.
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