【$ETH Signal】The rebound is capped, and a short structure is starting to form

$ETH 1H-level rebound near 2116 comes to an abrupt halt, with a noticeable gap in buying depth. The 4H MACD histogram continues to expand, and the bearish momentum has not yet weakened. After the 1H EMA20 and EMA50 death cross, the price’s pullback lacks strength; the current price of 2098.75 is exactly positioned just below the 4H Bollinger middle band. In this spot, bullish-bearish competition is intense, but the proportion of active sell orders is higher.

🎯 Direction: Short

⚡ Entry/Order: Short in batches within the range 2094.20 - 2100.33

🛑 Stop Loss: Above 2100.33

🚀 Target 1: 2038.21

🚀 Target 2: 2013.36

🛡️ Trade Management:
- Execution Strategy: After reaching Target 1, reduce 50%, and move the stop loss down to the entry price. If the price rebounds and breaks above the average entry price, exit automatically to protect the principal.

Order book data shows sell orders stacking up above 2099, while buy support below is sparse. Open interest is stable, but the price moves lower, indicating that the bulls are only passively taking over, with no intention to actively push higher. The 1-hour RSI is weakly hovering below 50; combined with bearish MACD divergence on the 4-hour timeframe, this rebound looks more like a continuation of the decline. The risk-reward ratio exceeds 9, so it’s worth probing the continuation of the bearish move with a small position.

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