【$ETH Signal】No Position + Downtrend Continuation Waiting for Confirmation

$ETH After breaking below the key psychological level of 2000, the price has been weakly oscillating in the 1930-1980 range, forming a downtrend continuation pattern.

🎯 Direction: No Position (NoPosition)

Market Analysis: The price has broken below the EMA20 (2011) and EMA50 (2122), indicating a clear downward trend on the daily chart. On the 4H timeframe, after a volume-driven decline, the rebound is weak, and buying absorption signals are minimal.

Logical Core: The current funding rate is negative (-0.0038%), but open interest (OI) remains stable, indicating it’s not a typical short squeeze but rather a weak consolidation led by bears. The depth imbalance is as high as -89.38%, with a heavy sell wall at 1970.27 (135.9 ETH), showing significant selling pressure above. RSI (41.52) has not entered oversold territory, leaving room for further decline.

Key Levels: Strong resistance above at 2010-2020 (former support turned resistance + EMA20), key support below at 1900 (recent low area). Until the price effectively breaks above 2010 or volume breaks below 1900, the market direction remains uncertain, classified as a low-probability trading zone. Risk management core: entering long positions now is counter-trend; short positions have too wide a stop-loss, resulting in poor risk-reward ratio. Strict discipline: stay in cash and wait for clearer signals.

Trade here 👇 $ETH

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