【$ETH Signal】1H Oversold Rebound Play, Sniping 4H Support Level Rebound

$ETH The 1H timeframe formed a double bottom near 1942, RSI dropped to 35.4 entering oversold territory, while the 4H timeframe is at the end of a battle within a key support zone (1940-1950). Currently, the price is oscillating around 1952 with decreasing volume on the 1H chart, indicating an imminent reversal. Although the 4H trend is somewhat weak, the oversold rebound momentum on the 1H is building, and stable open interest (OI) suggests no large-scale panic selling. This is an excellent short-term sniping opportunity.

🎯Direction: Go Long (Long)

🎯Entry/Order: 1950.00 - 1955.00 (Reason: 1H double bottom neckline area, EMA50_1H dynamic support )

🛑Stop Loss: 1938.00 (Reason: Break below 1H double bottom low at 1942, confirming structure failure )

🚀Target 1: 1975.00 (Reason: 1H EMA20 resistance and previous small platform )

🚀Target 2: 1990.00 (Reason: 4H opening price resistance and recent high )

🛡️Trade Management:

- Position size suggestion: Light (Reason: 4H trend has not clearly reversed, this is a contrarian play )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price quickly rises and stabilizes above 1970, consider targeting 1990 with the remaining position.

Deep logic: The order book shows a sell wall at 1952.3 with 203.6 ETH, which is a critical short-term resistance. Once absorbed by buyers, it will trigger short stop-loss orders, pushing the price higher rapidly. The 1H RSI has formed a bullish divergence pattern (price making new lows while RSI does not), combined with negative funding rates, indicating potential short squeeze. Stable OI with falling price suggests passive long liquidation rather than active selling by major players, with downward momentum waning.

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