【$ETH Signal】Left-side distribution completed, sniper rebound

$ETH 1H MACD histogram contraction, weakening bearish momentum. The 4H Bollinger Bands lower band around 1979 shows dense buy orders, and the price quickly rebounds upon touching it, indicating clear support from funds. In a negative fee environment, open interest remains stable, and selling pressure has been partially absorbed.

🎯Direction: Long

⚡Entry: Enter directly within the 1972-1975 range

🛑Stop-loss: Below 1947

🚀Target 1: 2087

🚀Target 2: 2144

🛡️Trade Management:
- Execution strategy: Half position at Target 1, remaining position’s stop-loss moved up to the entry price. If the price cannot hold above 1995, consider exiting early.

Order book data shows that selling pressure around 1985 has significantly eased, and buy depth is beginning to recover. The 1-hour RSI has rebounded from oversold territory to 43, combined with the 4-hour price supported at the lower Bollinger Band, indicating a short-term rebound structure is forming. Open interest has not collapsed with the price decline, suggesting this is not panic selling but rather major players completing chip exchanges at key levels. This risk-reward ratio is worth a try.

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