【$ETH Signal】1H Oversold Rebound Play, Signs of Main Force Supporting the Market Emerge

$ETH The 1H timeframe is experiencing a weak consolidation after overselling within the 1900-1930 range. The RSI on the 1H chart has dropped to an extreme oversold level of 29.29, while the 4H chart is in a clear downtrend channel. However, during the price decline, open interest (OI) remains stable, indicating that the main force has not been heavily unloading, but rather is rotating or supporting the market at this level. Currently, the 1H candlestick forms a small platform around 1920, and the bid-ask depth ratio (bid_ask_ratio_depth=1.52) shows slightly stronger buying interest below than selling pressure above, providing a foundation for a technical rebound.

🎯 Direction: Long (Play the Oversold Rebound)

⚡ Entry/Order: 1920.5 - 1925.0 (Light position near current price to attempt a long)

🛑 Stop Loss: 1905.0

🚀 Target 1: 1950.0

🚀 Target 2: 1975.0

🛡️ Trading Management:
- Position Size: Light
- Strategy: This is a contrarian play betting on a rebound from oversold conditions, which carries higher risk. If the price quickly rebounds to Target 1 (1950), reduce position by 50% to lock in some profits, and move the remaining stop loss up to the entry price. If the price fails to break above 1935 and weakens again, consider exiting early.

Depth Logic: The price has fallen from around 2060 down to 1900, with a decline of over 7% on the 4H chart. However, open interest (OI) remains stable, with no signs of panic selling or mass liquidation that would cause a sharp drop in OI, which does not align with typical main force unloading behavior. Meanwhile, the 1H RSI shows severe oversold conditions, indicating a need for technical correction. The order book shows dense buy orders below 1920 (e.g., 138.9 ETH at 1920.28), forming short-term support. The negative funding rate (-0.0094%) also suppresses further short opening interest. This is a short-term sniper trade based on the "oversold + main force support" logic.

View real-time market 👇 $ETH

---

Follow me: Get more real-time analysis and insights into the crypto market!