$ETH Signal | 1H Bollinger upper band faces resistance; short sellers target the near term


$ETH 1H RSI 59.9, with the Bollinger upper band at 1872 forming a suppression; MACD red histogram shrinking, bullish momentum exhausted. On 4H, MACD remains below the zero axis and the bearish trend is unchanged. Buy-side depth 3.09 supports the price, but there is an order-book gap above with sell pressure gradually emerging at higher levels.

🎯 Direction: short

⚡ Entry/limit orders: 1866.6233 - 1872.2400

🛑 Stop loss: 1890.9624

🚀 Target 1: 1844.1564

🚀 Target 2: 1830.1146

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

Funding rate 0.0036% is low, OI is stable, so shorts shouldn’t linger. Current risk-reward ratio is 1.5, suitable for quick in-and-out for the short term.

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