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$ETH Signal】1H Oversold Rebound Play, Watch for Short Squeeze and Capital Support
$ETH The 1H timeframe has entered an extremely oversold zone (RSI 30.35), with the price forming a short-term base around 1958. Although the 4H trend is downward, the current price has broken below the 4H EMA50 (1967), indicating a technical rebound need. The key point is: open interest (OI) remains stable during the sharp decline, and the funding rate is negative (-0.0073%), which is not typical of major players offloading, but more like long leverage liquidation, setting the stage for a potential short squeeze