$ETH Signal】Bears continue; no strong rebound in the 1H oversold zone


$ETH 1H RSI falls to 32 in the oversold zone; the MACD bearish histogram keeps expanding, and the price tracks along the lower Bollinger Band at 1850. Although buy-side depth has a 1.41x advantage, trading volume shrinks, limiting the rebound height. The 4H MACD dead cross widens, confirming the bearish trend. Chasing shorts now requires caution for potential buy-side support below; however, trend signals are clear, and the risk-reward ratio is still acceptable.
🎯 Direction: short
⚡ Entry / Pending orders: 1873.5026 - 1879.1400
🛑 Stop loss: 1897.9314
🚀 Target 1: 1850.9529
🚀 Target 2: 1836.8593
🛡️ Trade management:
- Execution strategy: After reaching Target 1, cut position by 50% and move the stop loss up to breakeven. If price drops back to the entry level, automatically exit to protect principal.
- In a negative funding rate backdrop, prices keep weakening; OI staying stable indicates longs haven’t left, but selling pressure hasn’t eased, and bearish momentum is dominant.
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