2026-01-21 09:04:14

【$ETH Signal】Short | Weak consolidation after volume breakout

$ETH Weak consolidation after volume decline, high open interest suggests intense bulls and bears competition. Current price action indicates selling pressure continues to absorb rebounds.

🎯 Direction: Short (Short)

🎯 Entry: 2950 - 2980

🛑 Stop Loss: 3050 (Rigid Stop Loss)

🚀 Target 1: 2850

🚀 Target 2: 2750

$ETH Daily chart volume decline of -5.19%, accompanied by 16.5 billion in high trading volume and open interest, indicating a typical “price falls, open interest increases” structure. This is not a healthy correction but a driven decline led by bears. Price is weakly sideways around 2960, lacking effective buying absorption. Every rebound above 2980 is quickly suppressed. Market sentiment leans toward passive defense by bulls rather than active attack. As long as the price cannot effectively reclaim the 3000 psychological level and stabilize, downside space will continue to open.

Trade here 👇 $ETH

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ETH-5,16%

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