【$ETH Signal】Bull-Bear Battle, 1H Convergence Ending, Waiting for Direction Confirmation

$ETH The 1H timeframe is oscillating narrowly between 1970-1985, forming a converging triangle at the end, indicating an imminent trend reversal. The 4H timeframe remains in a downward channel with a rebound correction, but the price has already broken above the 1H EMA20 (1970), showing signs of short-term stabilization. Stable open interest (OI) under negative funding rates suggests that major players have not significantly withdrawn, which is key.

🎯 Direction: Watch and wait (Pending Orders)

⚡ Pending Order Strategy:

- Long trigger: Price breaks above and stabilizes at $1986.5 ( Reason: Breakout of 1H converging triangle upper boundary and previous high resistance )

- Short trigger: Price falls below and closes below $1968.0 ( Reason: Break below 1H EMA20 and triangle lower boundary )

🎯 Entry / Pending Orders:

- Long entry: $1987.0 - $1990.0 ( Reason: Confirmed breakout to chase longs )

- Short entry: $1965.0 - $1967.0 ( Reason: Confirmed breakdown to chase shorts )

🛑 Stop Loss:

- Long stop loss: $1962.0 ( Reason: Break below previous low and ATR lower band support )

- Short stop loss: $1995.0 ( Reason: Break above previous high and 4H EMA20 resistance )

🚀 Target 1:

- Long target: $2015.0 ( Reason: 4H previous high and Fibonacci 0.382 resistance )

- Short target: $1940.0 ( Reason: Previous low support zone )

🚀 Target 2:

- Long target: $2035.0 ( Reason: 4H EMA50 resistance )

- Short target: $1920.0 ( Reason: Recent strong support level )

🛡️ Trading Management:

- Position suggestion: Light position ( Reason: Direction unclear, end of convergence battle )

- Execution strategy: After any trigger, reduce position by 50% at Target 1, and move stop loss to entry point for breakeven. If the price reverses and hits the other pending order condition, abandon the original trade direction.

Deep Logic: The current market shows a stalemate between bulls and bears. The 1H RSI (52.85) is neutral, but the depth of buy orders (bid_ask_ratio_depth 0.76) indicates slightly heavier selling pressure. The key is stable OI, and negative funding rates imply bears need to pay fees; if the price does not fall, it could trigger short covering. The 4H candlestick shows a lower shadow, with strong support around $1930. Waiting for a volume breakout of the 1H convergence structure as a short-term sniper signal.

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