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

$ETH The 1H timeframe is experiencing intense volatility between 1900-1930, with the price reaching recent lows. The 1H RSI( is at 34), entering oversold territory, indicating a technical rebound possibility. Although the 4H trend is downward, the price is testing the support zone formed by the previous low (around 1900), and open interest (OI) remains stable without signs of panic selling. Major players may be defending the market here. Currently, the 1H candlestick shows a long lower shadow, suggesting buying interest is starting to enter.

🎯Direction: Long (Long)

⚡Entry/Order: 1920.00 - 1925.00

🛑Stop Loss: 1895.00

🚀Target 1: 1955.00

🚀Target 2: 1980.00

🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold the remaining position to aim for Target 2. If the price retraces into the entry zone and breaks below, exit all positions.

Deep Logic: The 1H RSI( is severely oversold at 34), indicating a potential bottom divergence correction. The 4H price is approaching the lower boundary of the downward channel since January 30, increasing the likelihood of a technical rebound. Market depth data (bid_ask_ratio_depth=2.59) shows significantly stronger buy-side interest compared to sell-side, and the funding rate is negative (-0.0069%), favoring long positions. Stable OI suggests the decline is not driven by large-scale liquidation by major players, but rather a short-term leverage washout, building momentum for a rebound.

View real-time market 👇 $ETH

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