【$ETH Signal】No Position + Weak Rebound in Downtrend

$ETH After a sharp decline, the price is weakly oscillating in the 1900-1950 range, which is a continuation of the downtrend rather than an effective bottoming. The price has broken below all key EMAs, and the deep imbalance (-53.9%) indicates heavy selling pressure with thin buying interest.

🎯 Direction: No Position

Market Analysis: The 4H chart shows consecutive bearish candles. The latest candle has a lower shadow but closed below the open, indicating a downward resistance pattern. RSI (34.5) has not entered oversold territory, but the rebound in a downtrend is weak.

Hardcore Logic: Open interest (OI) remains stable rather than decreasing, combined with a negative funding rate (-0.0108%), suggesting that bears have not taken large profits and downward momentum persists. The top of the order book shows sell orders (111.7 ETH) far exceeding buy orders (19.3 ETH), indicating a strong supply wall around 1930. The price has failed to effectively reclaim above EMA20 (2013), confirming a clear downward trend.

Current Strategy: Wait for a rebound to key resistance levels (such as near EMA20 or the supply zone around 1950-1980) and look for signs of stagnation before considering short positions on the right side. Alternatively, wait for a volume breakdown below the 1900 psychological level to confirm the continuation of the decline. Until then, stay flat and avoid catching falling knives.

Trade here 👇 $ETH

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