【$ETH Signal】Bear pressure, short on rebound

$ETH 1H timeframe continues to oscillate below EMA20, buying depth is significantly weaker than selling pressure, and there is insufficient capital support. After the 4-hour MACD death cross, it continues to decline, and the price has broken below the middle band of the Bollinger Bands, indicating a weak structure.

🎯Direction: Short

⚡Entry/Order: 1970 - 1975 zone

🛑Stop Loss: 1999

🚀Target 1: 1935

🚀Target 2: 1900

🛡️Trade Management:
- Execution Strategy: After the price reaches the first target, move the remaining position’s stop loss down to the entry price to lock in profits. If the price rebounds to the entry zone and shows signs of stagnation, consider adding to the position.

Open interest remains stable but prices are declining, indicating that bulls are struggling to support, and active selling pressure dominates. The 1-hour RSI hovers around 35 and has not entered extreme oversold territory, leaving room for further decline. Market data shows sell orders stacking between 1988 and 1990, indicating clear resistance to rebounds. In this environment, the risk-reward ratio is better than blindly bottom-fishing.

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