【$ETH Signal】Bear Trap | 1H Top Divergence + Selling Pressure Gap

$ETH On the 1H timeframe, MACD histogram rises while price stalls, forming an initial top divergence. The 4H Bollinger Band upper band around 2169 shows clear resistance, buying depth above 2120 sharply thins out, with sparse orders above. Funding rate turns positive but price fails to make a new high, indicating bullish momentum is exhausted.

🎯Direction: Short

⚡Entry: Short immediately at current price 2119.7, or rebound to around 2123 to add more shorts.

🛑Stop Loss: 2132

🚀Target 1: 2085

🚀Target 2: 2060

🛡️Trade Management:
- Execution Strategy: Reduce position by half after price hits 2085, with remaining stop loss moved down to entry price. If price rebounds and breaks above 2125 and stabilizes, abandon this trade.

Position remains stable but price spikes and pulls back, a typical sign of false breakout. The 1-hour RSI near 57 forms a double top, indicating waning buying enthusiasm. The 2080-2090 zone below is where the 4-hour EMA20 and Bollinger middle band converge, likely to provide initial support. If broken, look toward the 4-hour low of 2058. Risk-reward ratio exceeds 1:3, making this short position worth testing market sentiment with a smaller position size.

View real-time market 👇 $ETH
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate广场四月发帖挑战 #加密市场行情震荡 #国际油价走高