【$ETH Signal】1H Level Rebound Confirmation, Sniping Short-term Short Squeeze

$ETH The 1H level formed a double bottom with long lower shadows around 1905-1910, followed by continuous bullish candles and rebound. Currently, it has risen above the 1H EMA20 (1947). Although the 4H level remains in a downtrend channel, the price found strong support at the 1900 round number. The 1H RSI (47.21) has recovered from oversold territory, indicating short-term momentum is improving. The order book shows a large buy wall of 61.4K at the bid price (1945.4), while the ask side has a high volume of 179.8K at 1945.41, indicating significant selling pressure. However, the price has not fallen, showing that the main force is defending the market. Under a negative funding rate environment (-0.0074%), open interest remains stable, but there is a risk of short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 1943 - 1947 (Reason: 1H EMA20 support zone, previous 1H candle upper body )

🛑Stop Loss: 1933 (Reason: Break below previous 1H low and the lower boundary of the intraday consolidation )

🚀Target 1: 1965 (Reason: Previous rebound high on the 4H level and resistance near 1H EMA50 )

🚀Target 2: 1985 (Reason: Recent starting point of the 4H decline, ATR 1.5 times extension level )

🛡Trade Management:

- Position Size Suggestion: Light (Reason: 4H trend has not fully reversed, this is a counter-trend rebound )

- Execution Strategy: After reaching 1965, reduce position by 50% and move stop loss to entry price (break-even). Hold remaining position to target 1985. If price stalls in the 1955-1965 range, consider taking full profit early.

Deep Logic: Price rebounded over 2% from the intraday low, but 1H volume did not significantly increase, indicating technical correction. The key is whether volume can break through 1953 (intraday high). Stable open interest suggests a temporary balance between bulls and bears in this area, and negative funding rates are unfavorable for shorts. If the price can hold above 1950, it will attract more short covering buy orders, pushing the price toward 1965-1985. The strong support zone is at 1900-1910; as long as it remains above this level, short-term bearish bias should be cautious.

Check real-time quotes 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包