【$ETH Signal】1H Oversold Rebound Trading, Watch Key Support at 1950

$ETH The 1H timeframe has formed a short-term support level around 1948-1950, and RSI(1H) has entered the oversold zone (39.67), indicating a technical rebound possibility. The 4H timeframe is still in a downtrend, but the latest 4H candle shows a long lower shadow, suggesting buying interest is starting to enter below. The current price is very close to the 1H EMA20 (1964.7), which is a critical short-term support/resistance level.

🎯Direction: Long (Trade the rebound)

🎯Entry/Order: 1952.0 - 1955.0 (Reason: Upper boundary of the 1H support level, initiating a rebound trade )

🛑Stop Loss: 1942.0 (Reason: Break below previous low of 1946.11 and ATR lower band )

🚀Target 1: 1968.0 (Reason: Resistance at 1H EMA20 and near the intraday opening price )

🚀Target 2: 1982.0 (Reason: Previous high on the 4H timeframe and EMA20 resistance zone )

🛡Trade Management:

- Position Size: Light (Reason: 4H trend remains bearish, this is a counter-trend rebound )

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If price faces resistance around 1965 and pulls back, consider exiting early.

Market Depth Logic: Open interest (OI) remains stable, price declines but without triggering a large-scale long liquidation, suggesting market selling pressure may be temporarily exhausted. The order book shows bid at 1949.8 with 157 large orders supporting the level, while ask at 1949.81 is relatively dispersed, indicating a slight buy-side advantage. Negative funding rates imply bearish sentiment, but the price has not broken further, so watch for a short squeeze rebound. Key focus is whether the price can quickly recover above the 1H EMA20 to confirm rebound strength.

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