【$ETH Signal】Bearish momentum continues, targeting failed rebounds

$ETH 1H timeframe shows persistent downward decline, with price suppressed below EMA20 and EMA50. The 4H Bollinger Bands are opening downward, with price hugging the lower band. The MACD histogram is expanding below the zero line. The 1H RSI drops to 29, entering oversold territory, but buying depth is unbalanced at 49.86%, indicating weak support below.

The bearish structure is complete; any rebound is an opportunity to short.

⚡Entry: Enter around 2320.63 on a rebound.

🛑Stop-loss: Place above 2340.59.

🚀Target 1: First target at 2280.71.

🚀Target 2: Second target at 2260.76.

🛡️Trade management: - Execution strategy: After reaching the first target, reduce half of the position and move the remaining stop-loss to the entry price. If the price rebounds directly and hits the stop-loss, this strategy is invalid, and no short should be chased.

Market data shows sparse buying and obvious wall of sell orders. The 1H volume has increased during the decline, but the latest hour's volume has contracted, indicating a consolidation pattern. The 4H MACD shows a death cross followed by divergence downward, suggesting bearish momentum has not yet exhausted. Negative funding rates indicate a dominant short sentiment in the futures market, but not extreme, avoiding immediate short squeeze risks. The current risk-reward ratio is favorable; the key is to precisely identify the entry point on the rebound.

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