[$ETH Signal] No Position + Downtrend Continuation, Waiting for Clear Signal

$ETH is weakly oscillating below EMA20 (2052), showing a downtrend continuation pattern on the 4H timeframe. Deep imbalance reaches as high as 71.13%, but the price has failed to rebound effectively, indicating insufficient buying interest.

🎯 Direction: No Position

Market Analysis: After breaking below EMA20, the price remains under continuous pressure. The 4H candlesticks are oscillating chaotically within the 2000-2040 range, lacking a clear direction. Although the deep bid orders (Bids) far exceed ask orders (Asks), creating a 71.13% imbalance, the price lacks strength to rebound, suggesting large orders are supporting the market but there is no active desire to push higher, indicating passive defense.

Hardcore Logic: Funding rate is -0.0106%, which is negative, but open interest (OI) remains stable, not typical of a short squeeze. RSI (44.05) is in a neutral to weak zone, with no overbought rebound momentum. The buy/sell ratio on the 4H remains below 0.5, indicating dominant selling pressure.

Key Observation: The price needs to effectively reclaim EMA20 (2052) with rising OI to confirm a pause in the downtrend. Attention should be paid to the buy absorption at the key support zone of 1990-2000. Currently, there is no high-probability trading setup; the risk outweighs the opportunity.

Trade here: 👇 $ETH

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