【$ETH Signal】1H Oversold Rebound Trading, Sniping 4H Support Level

$ETH The 1H timeframe has entered an extremely oversold zone (RSI 28), with the price showing signs of a brief stabilization around 1938. The 4H timeframe is at a critical support area (around the previous low of 1933). Currently, the order book shows heavy selling pressure (depth imbalance -60.42%), but open interest (OI) remains stable, indicating it’s not major selling by large players but rather panic selling triggered by long liquidation, creating conditions for a short-term rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 1935.00 - 1938.50 (Reason: Rebound to the 1H previous low support zone, combined with the 4H key support level )

🛑Stop Loss: 1928.00 (Reason: Break below the previous low of 1933 with ATR buffer space )

🚀Target 1: 1960.00 (Reason: 1H EMA20 and previous minor resistance level )

🚀Target 2: 1975.00 (Reason: Starting point of the 4H downtrend and EMA50 nearby resistance )

🛡️Trade Management:

- Position Size: Light (Reason: Overall trend is weak; this is a counter-trend rebound play )

- Execution Strategy: After reaching Target 1, move stop loss to entry price. Hold remaining position towards Target 2. If the price cannot quickly break above 1950, consider exiting early.

Depth Logic: 1H RSI is severely oversold, indicating a need for technical correction. Although buy-side depth is weak, stable OI suggests no large-scale capital outflow. Negative funding rate (-0.0046%) hints at crowded shorts; once the price stabilizes, short covering may be triggered. The key is whether the price can establish effective support above 1933.

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