【$ETH Signal】Close Position + Downtrend Continuation, Wait for Clear Signal

$ETH Continues weak consolidation after breaking below the key EMA20, with price around 1952, currently in a consolidation phase within a downtrend. 4H buy volume is weak (Buy/Sell Ratio ~0.5), with serious order book imbalance (-48.75%), and sell wall (162.5 ETH at 1953) exerts direct pressure.

🎯Direction: No Position (NoPosition)

Market Analysis: Price has broken below EMA20 (1978) and EMA50 (2076), confirming a medium-term bearish structure. 4H candlestick shows the rebound highs gradually decreasing (2000 -> 1995 -> 1957), with increased volume during the decline (1.84M volume bars), and decreasing volume during rebounds, indicating a typical downtrend continuation pattern.

Core Logic: Funding rate is slightly negative (-0.0008%), but open interest (OI) remains stable, with no signs of a short squeeze (no OI increase combined with expanding negative rate). RSI (42.63) is in a neutral to weak zone, not oversold, leaving room for further downside.

Key Levels: Strong resistance above at EMA20 (1978) and the recent high of 1995. Support below at the previous low of 1893. The current price is stuck in the middle, with unclear bullish or bearish logic, belonging to a “noise zone.”

Trading Plan: Wait for the price to choose a direction. 1. If volume breaks above 1978 and stabilizes, consider a trend reversal to go long. 2. If a rebound to the 1970-1978 zone shows signs of stagnation (such as long upper shadows, decreasing OI), attempt a left-side short. Currently, the best strategy is to stay on the sidelines.

Trade here 👇 $ETH

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