【$ETH Signal】1H oversold rebound, short covering imminent

$ETH 1H level RSI drops to 21.52, entering an extremely oversold zone. The 4H Bollinger Band lower band at 2267 has been broken, but the price has not accelerated downward, indicating signs of exhaustion in selling pressure. Market depth imbalance -40.05%, heavy sell orders, but buy orders in the 2250-2260 range form initial resistance.

🎯Direction: Long

⚡Entry: Enter immediately near the current price of 2262, or place an order at 2251.17 for a trap.

🛑Stop loss: 2338.00

🚀Target 1: 2282.33

🚀Target 2: 2263.77

🛡️Trade management: - Execute strategy: After reaching Target 1, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 2265, consider exiting early.

The 1H MACD histogram begins to narrow in negative territory, indicating a slowdown in bearish momentum. The 4H price has moved far from the EMA50, suggesting a need for technical correction. Funding rate has turned negative to -0.0047%, increasing the cost of short positions, fueling a short squeeze rebound. The current risk-reward ratio is favorable; the key is whether the price can quickly recover above the 1H EMA20 at 2310, which is the first indicator of rebound strength.

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