【$ETH Signal】1H Oversold Rebound Trading Opportunity

$ETH The 1H timeframe has formed a double bottom near 1900, with RSI(1H) entering the oversold zone (32.93), indicating a technical rebound demand. Although the 4H timeframe is in a downtrend channel, open interest remains stable, and negative funding rates suggest crowded shorts. A rebound could trigger a short squeeze. The 1H candlestick has already broken above EMA20(1H), with buying pressure dominant, and short-term bulls are gathering.

🎯Direction: Long (Long)

⚡Entry/Order: 1924 - 1928

🛑Stop Loss: 1905

🚀Target 1: 1955

🚀Target 2: 1980

🛡️Trade Management:
- Position Size: Light
- Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry level. Hold the remaining position for Target 2. If the price stalls below 1935 for more than 2 hours, consider exiting early.

Depth Logic: Price rapidly declined from 2060 to 1900, but open interest remains stable, indicating it’s not major selling but rather a leverage washout among bulls. Negative funding rate(-0.0082%) and buy-side depth(17.54%) provide fuel for the rebound. The 1H RSI shows early bullish divergence; if the price can hold above 1930 (the previous 1H high), it will confirm rebound momentum.

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