【$ETH Signal】1H Oversold Rebound + 4H Key Support Battle

$ETH The 1H RSI has entered the oversold zone (31.67), and the price is repeatedly testing the 1950-1960 range, showing signs of stabilization. The 4H price is currently retesting the EMA50 (1967.3) key support, and open interest (OI) remains stable without signs of panic selling, providing a basis for a technical rebound. Currently, buy orders are concentrated on the order book, with selling pressure above 1960.5. A breakout here will trigger short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 1960.5 - 1965.0 (Breakout Follow-up Buy)

🛑Stop Loss: 1945.0 (Below the previous low of 1936)

🚀Target 1: 1985.0 (1H EMA20 Resistance)

🚀Target 2: 2003.0 (Strong 1H EMA50 Resistance)

🛡️Trade Management:

- Position Suggestion: Light position

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position for Target 2. If the price encounters resistance and falls back in the 1965-1970 range, exit all positions.

Order Book Logic: After a sharp drop on the 4H timeframe, open interest has not significantly decreased, suggesting that major players may not have fully exited. The 1H RSI shows a bullish divergence brewing, and negative funding rates could trigger a short squeeze. The order book depth imbalance (-38.44%) indicates accumulated sell orders; once absorbed by buyers, the rebound could accelerate quickly. The key is whether the price can hold above 1965 and recover the 1H EMA20 (2003.7).

View real-time quotes 👇 $ETH

---

Follow me: Get more real-time analysis and insights into the crypto market!

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL