【$ETH Signal】1H Oversold Rebound Trading Opportunity

$ETH The 1H timeframe has already reached a key support zone, with the price repeatedly testing the 2006-2010 area. The 4H timeframe remains in a wide-range consolidation, but the 1H RSI(43) has entered oversold territory, indicating a technical rebound demand. The order book shows buy orders accumulating around 2009 (about 64 ETH), while selling pressure is concentrated above 2010, indicating a slight imbalance. Open interest remains stable, with the price declining but not triggering panic among holders, suggesting it may be passive stop-losses by longs rather than main force distribution.

🎯Direction: Long (Long)

🎯Entry/Orders: 2008.00 - 2012.00 (Gradually around current price)

🛑Stop Loss: 1998.00 (Break below previous low 2006.65 and the round number)

🚀Target 1: 2035.00 (1H EMA20 resistance)

🚀Target 2: 2050.00 (Recent 4H high)

🛡️Trading Management:

- Position suggestion: Light position (Reason: 4H trend is unclear, only a 1H rebound play, control risk)

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry price. For the remaining position, look toward Target 2. If the price consolidates in the entry zone for over 2 hours without improvement, exit proactively.

Deep logic: In a negative funding rate environment of (-0.0017%), if the price can stabilize above 2006, it is very likely to trigger a short squeeze rebound caused by short covering. The 1H price has broken below EMA20 but remains far from EMA50(2009.94), indicating a mean reversion need. The key is whether the price can quickly recover 2020 and stabilize, which will confirm a short-term bullish return.

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