【$ETH Signal】1H Oversold Rebound Play, Main Force Protecting the Market Under Negative Funding Rate

$ETH The 1H timeframe has formed a double bottom near 1910, with RSI entering the oversold zone and then rebounding. Although the 4H timeframe is still in a downtrend, open interest remains stable and the funding rate is negative, indicating crowded shorts and signs of main force supporting the market. Currently, the price is below the 1H EMA20 but has moved away from the lowest point, and short-term rebound momentum is brewing.

🎯Direction: Long (Long)

🎯Entry/Order: 1925 - 1930 (Reason: Current price zone, 1H candlestick stabilization area, rebound play initiated )

🛑Stop Loss: 1908 (Reason: Break below previous low 1910 and ATR lower band, double bottom structure invalidated )

🚀Target 1: 1955 (Reason: 1H EMA20 resistance level and previous small platform )

🚀Target 2: 1980 (Reason: Lower boundary of the 4H downtrend continuation platform )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: 4H trend remains bearish, this is a contrarian rebound play )

- Execution Strategy: Once the price stabilizes above 1H EMA20(1951), move the stop loss up to the entry point. After reaching Target 1, reduce position by 50%, and hold the remaining position with a protective stop to aim for Target 2.

Deep Logic: The price dropped rapidly from 1980 to 1910, but open interest remained stable and did not decrease with the sharp price decline, indicating this is not a main force dump. The negative funding rate(-0.0079%) increased the cost for shorts, and the order book shows a sell wall of 240 ETH at sell 1(1923.32), yet the price was not pushed down, indicating strong buy support below. The 1H RSI(34.67) has turned up from the oversold zone, showing technical rebound demand. This is a short-term sniper play based on main force support and technical oversold conditions.

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