【$ETH Signal】Bearish suppression—rebound is a short opportunity

$ETH 4H level price remains below the middle band of the Bollinger Bands. After the MACD double lines form a death cross, the histogram continues to expand, and bearish momentum has not yet weakened. The 1H level rebound is capped near the EMA20. The depth of buy orders is severely imbalanced; the sell-side order volume at the 1st sell level is more than four times that of the 1st buy level, and the willingness to provide capital support is weak.

🎯Direction: Short

⚡Entry: Enter near the current price of 2196.35, or add to the position if it rebounds to around 2202.94.

🛑Stop Loss: 2156.75

🚀Target 1: 2295.31

🚀Target 2: 2341.50

🛡️Trade Management:
- Execution strategy: When the price reaches Target 1, reduce the position by half. Move the stop loss for the remaining position up to the entry price. If the price directly breaks through the stop loss in the opposite direction, exit unconditionally.

The order book exposes key information: the heavy sell-pressure wall is overhead, while support below is thin. The 1-hour RSI hovers around 41, lacking a solid base for a strong rebound. Open interest is stable, but the price is falling—this is a typical bearish-dominated market. Negative funding rates have not attracted enough longs to mount a counterattack, and market sentiment is cautious. In this environment, both the strength and persistence of a rebound are questionable; following the trend is the more rational choice.

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