The 1H level forms a double bottom near 1900, with RSI
$ETH 1H( entering oversold territory (32.93), indicating a technical rebound demand. Although the 4H level is still in a downtrend channel, open interest remains stable, and negative funding rates suggest crowded shorts. A rebound could trigger short covering. The 1H candlestick has already broken above the EMA20)1H(, with buy-side depth dominating, 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 suggestion: Light posit