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$ETH Signal】1H Oversold Rebound Play, Signs of Main Force Supporting the Market Emerge
$ETH The 1H timeframe is experiencing a weak consolidation after overselling within the 1900-1930 range. The RSI on the 1H chart has dropped to an extreme oversold level of 29.29, while the 4H chart is in a clear downtrend channel. However, during the price decline, open interest (OI) remains stable, indicating that the main force has not been heavily unloading, but rather is rotating or supporting the market at this level. Currently, the 1H candlestick forms a small platform around 1920, and the bid-ask