【$ETH Signal】Neutral + Downtrend Continuation Waiting for Confirmation

$ETH Continues weak consolidation after breaking below EMA20, showing a downtrend continuation pattern on the 4H timeframe. Price is struggling above key support levels but lacks effective buying volume.

🎯Direction: No Position (NoPosition)

Market Analysis: Price has broken below EMA20 (1976) and is being held down by it. The 4H RSI (40) is in the weak zone but not oversold. Funding rate is slightly negative (-0.0025%), but open interest remains stable, indicating that bears have not significantly increased their positions. The current decline is mainly due to a lack of bullish support.

Hardcore Logic: Depth imbalance is as high as 89%, with buy orders far exceeding sell orders, indicating a large number of limit buy orders below. This serves as a potential support but could also become a liquidity trap (faking a bounce then breaking down). Price is testing the support zone formed by recent lows (~1930), but the 4H buy/sell ratio remains below 0.5, showing active selling pressure dominates.

Trading Plan: Currently in a disorderly, weak sideways pattern. Going long requires waiting for the price to re-establish above EMA20 (1976) with rising open interest, confirming a bullish return. Going short requires waiting for a clear break below the 1930-1926 support zone, with open interest increasing (bearish positions adding). Neither condition is met yet; the best strategy is to stay neutral and wait for the market to choose a direction.

Trade 👇 $ETH

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