【$ETH Signal】Oversold Rebound Sniping! 1H Level RSI Bottom Divergence, Main Force Protecting the Market

$ETH The 1H level just experienced a waterfall decline, RSI dropped to 28.74 into the oversold zone, and strong buying interest appeared around 1834. Although the 4H level is still in a downtrend channel, the latest 4H candle closed with a long lower shadow, and open interest (OI) remained stable without signs of panic selling. This suggests initial signals of main force defending the market or short covering. The 1H candlestick has already broken above EMA20 (1920), indicating short-term momentum may recover.

🎯Direction: Long (Long)

⚡Entry/Order: 1865 - 1875 (Enter near current price)

🛑Stop Loss: 1830

🚀Target 1: 1920

🚀Target 2: 1950

🛡️Trade Management:

- Position suggestion: Light position

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price (break-even). Hold remaining position for Target 2. If price cannot hold above 1880 and drops below 1860 again, consider exiting early.

Depth Logic: After a sharp decline, the 1H RSI shows severe oversold conditions, indicating a technical rebound demand. The key point is that during the price plunge, open interest (OI) remained “Stable,” which is not typical of a bullish capitulation but more like bearish suppression or leverage washout. The order book shows a sell wall at the first level (1862.87) with 91.7 ETH worth of sell orders, creating short-term resistance. Once absorbed, the upside space will open. The negative funding rate (-0.0095%) also increases short holding costs, favoring short covering rebounds. The strong intraday support is at 1834, with stop loss set below this level.

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