$ETH 1810 Open Short Short-term target 1780

1. **Key Technical Signals**

- **Resistance Level**: $1810 (4-hour EMA100 and Fibonacci 38.2% retracement) → A breakout may trigger short stop-loss, targeting $1840-$1860.

- **Support Level**: $1775 (recent low and on-chain cost area) → A drop below may accelerate downward to $1750 (psychological level).

- **Indicator Signals**:

- **RSI (62)**: Approaching overbought zone, but no obvious divergence yet;

- **MACD**: Bearish cross emerging on 4-hour chart, daily momentum bars shrinking, increasing probability of short-term pullback;

- **Bollinger Bands**: Price touching the upper band ($1825), if it narrows, it may retreat to the middle band ($1790).

2. **On-chain Data and Sentiment**

- **Exchange Net Inflows**: $120,000 ETH (approximately $216 million) net inflow to exchanges in the past 24 hours, short-term selling pressure rising.

- **Whale Activity**: Addresses holding >10,000 ETH reduced holdings by 3.2% in the past 7 days, indicating large holders are reducing positions at highs.

- **Funding Rate**: Perpetual contract funding rate +0.05% (bulls dominate), if the price drops, it may trigger a long liquidation wave.

**Position Opening Risk Control**

- **Stop Loss**: Strictly set at $1830 (20 dollars above resistance level), to guard against short squeeze risk.

- **Leverage Suggestion**: ≤3x (if the price drops to $1775, leverage automatically reduces to 2x).

2. **Dynamic Take Profit**

- **First Take Profit Level**: $1780 (close 60% of position, locking in profits);

- **Second Take Profit Level**: $1750 (close 30%, remaining 10% to follow up take profit to $1720).