【$ETH Signal】4H Bollinger lower band standoff, 1H bearish momentum shows signs of exhaustion

$ETH 1H timeframe continues to churn below the Bollinger middle band; the MACD histogram negative area narrows, and bearish momentum shows signs of weakening and exhaustion. On the 4H timeframe, price stays close to the lower Bollinger band, but no breakout occurs with increased volume; technical support lies around 2271. Order book data shows a buy-side depth imbalance of -9.36%, with active sell pressure slightly in the lead, but a negative funding rate of -0.0041% hints that the short positions’ holding costs are accumulating.

Price repeatedly tests the 2304-2322 range, where bulls and bears are fiercely contesting. The current price around 2304.5 can be used to cautiously go long with a small position; defense must be placed above 2364.6. The first target looks toward 2237.5, and the second target is 2195.1.

The 4H MACD is still in bearish expansion, which is the main risk. However, the 1H timeframe’s bearish momentum fading and the price’s stickiness in the key support zone form a short-term contradiction; the risk-reward ratio is close to 2:1, making it worth using a relatively small position to bet on a technical rebound. Stable open interest indicates no large-scale capital outflow, providing a foundation for the rebound.

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