【$ETH Signal】1H Rebound Trading, Watch for Breakthrough of 1965 Key Resistance

$ETH The 1H timeframe formed a double bottom near 1938 and rebounded. Currently, the price is testing the 1H EMA20 (1957.26) resistance. The 4H timeframe remains in a downtrend channel, but the 1H RSI (47.1) has rebounded from oversold territory, and buying depth (65.05%) is significantly better than selling, indicating funds are supporting below. The current price is at the 1H bullish-bearish watershed, with volatility representing profit opportunities.

🎯 Direction: Wait and see (place buy orders)

⚡ Trigger Conditions: Price must firmly stabilize above the 1H EMA20 and break through the 1965 area (a recent minor resistance on the 4H), confirming rebound momentum.

🎯 Entry/Order: 1965.50 - 1967.00 (Reason: Break above 1H EMA20 and intra-day minor high, confirming bullish return)

🛑 Stop Loss: 1948.00 (Reason: Break below the 1H double bottom neckline and previous support, invalidating the rebound)

🚀 Target 1: 1982.00 (Reason: Previous high resistance on the 4H and near EMA50)

🚀 Target 2: 1998.00 (Reason: 1.618 Fibonacci extension level)

🛡️ Trading Management:

- Position Suggestion: Light position (Reason: 4H trend remains bearish; this is a contrarian rebound game with higher risk)

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry price (break-even). The remaining position aims for Target 2. If the price cannot quickly rise after entry or falls back below 1960, consider exiting early.

Deep Logic: Open interest (OI) remains stable; price declines without triggering large-scale long liquidation, suggesting selling pressure may weaken. Market depth shows buy orders stacking (bid_ask_ratio_depth: 4.72), indicating major players may be defending around 1950-1960. Negative funding rate (-0.0033%) slightly alleviates long squeeze risk. Key is whether volume can break through 1965; otherwise, expect a return to consolidation.

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