【$ETH Signal】1H oversold rebound play, targeting the upper boundary of the 4H downtrend channel

$ETH The 1H timeframe has formed a double bottom around 1836, with RSI entering oversold territory and showing signs of stabilization. The current price is attempting to recover the 1H EMA20 (1886). The 4H cycle remains in a clear downtrend channel, but the oversold rebound momentum on the 1H timeframe is building, presenting a typical short-term trading opportunity. Open interest remains stable, and the price decline has not triggered a large-scale long liquidation, suggesting selling pressure may be temporarily exhausted.

🎯 Direction: Long (short-term rebound)

🎯 Entry/Order: 1865 - 1870 (Reason: 1H candlestick stabilizes above the previous bullish high, preliminarily confirming a rebound structure)

🛑 Stop-loss: 1835 (Reason: Breaks below the previous low of 1836.06, invalidating the double bottom pattern)

🚀 Target 1: 1895 - 1900 (Reason: Overlap of 1H EMA20 resistance and the upper boundary of the 4H downtrend channel)

🚀 Target 2: 1925 - 1930 (Reason: Previous rebound high on the 4H cycle, also a strong resistance near 1H EMA50)

🛡️ Trading Management:

- Position suggestion: Light position (Reason: The 4H main trend is still downward; this is a counter-trend rebound with higher risk)

- Execution strategy: After reaching Target 1 zone, reduce position by 50% to lock in profits, and move the remaining stop-loss up to the entry level at 1865 (break-even point). If the price fails to break above 1890 and drops below 1860 again, consider exiting early.

Deep logic: The 1H RSI (34.82) has turned from oversold, indicating a need for technical correction. Market depth data (bid_ask_ratio_depth=1.89) favors buy-side, with dense buy orders supporting around 1863. Although the 4H cycle is weak, the bullish divergence on the 1H and rejection of new lows form a short-term sniper window. Funding rates are slightly positive, not in an extreme short-squeeze environment; the sustainability of the rebound requires observing volume and momentum.

View real-time market 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包