$ETH Signal | Short-term bearishness continues; 4H MACD expansion accelerates

$ETH 4H MACD histogram -6.8 keeps widening, and bearish momentum shows no signs of exhaustion. There are four consecutive bearish candles on the 1H chart; the low around 1842 has been tested multiple times, and buy-side limit orders appear thin. Depth imbalance is 82.11%, with selling pressure dominating. The current price is near the lower band of the 1H Bollinger Bands, but there is no intention to bounce; market sentiment remains bearish.
🎯Direction: short
⚡Entry/Orders: 1846.4739 - 1852.0300
🛑Stop-loss: 1870.5503
🚀Target 1: 1824.2495
🚀Target 2: 1810.3593
🛡️Trade management:
- Execution plan: After reaching Target 1, cut 50% off and move the stop-loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.
1H RSI 32.53 has not yet entered the extreme oversold zone, and the funding rate is 0.0054% with no clear short-squeeze signal. The risk-reward ratio of 1.5 is acceptable; the trend is still ongoing, so it’s not advisable to guess the bottom.
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