【$ETH Signal】The bears continue, and the move down accelerates on the 1H timeframe

$ETH The 1H MACD histogram continues to contract while moving downward. RSI has already fallen to 33.2. Although the buy-side order depth is 1.25x, the price keeps probing lower. On the 4H Bollinger Bands, the opening widens; the lower band near 1831 has not been touched yet. Limit orders are densely placed in the 1870-1876 range, and repeated attempts by funds to provide support are pushed back. The current risk-reward ratio is 1.5, and the short setup is still fairly attractive for a short-term trade.
🎯 Direction: short
⚡ Entry/Limit orders: 1870.671 - 1876.300
🛑 Stop-loss: 1921.091
🚀 Target 1: 1809.113
🚀 Target 2: 1775.520
🛡️ Trade management:
- Execution plan: After reaching Target 1, cut 50% of the position and move the stop-loss up to breakeven. If price drops back to the entry area, automatically exit to protect principal.
The 1H bearish momentum has not yet exhausted, and the 4H sell pressure keeps releasing—any rebound is an opportunity to add.
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