【$ETH Signal】Flat position waiting — Bull trap under deep imbalance, watch for key support $ETH After breaking below the key EMA20 support with increased volume on the 4H timeframe, the price is testing the psychological level of 2000. The market shows deep imbalance (Bids account for 58.37%), but the price continues to decline, indicating that although buy orders below are thick, most are passive orders, with strong active selling pressure. Funding rate has turned negative (-0.0101%), but open interest (OI) remains stable, which is not typical short squeezing; instead, it reflects passive long liquidation and active short suppression coexisting. RSI (40.69) has entered oversold territory but shows no divergence, and downward momentum has not exhausted. 🎯Direction: Flat The current price is closely hugging the deep sell wall at 1998.75. Although there are dense buy orders below, the price is still breaking through. The invalidation point is when the price re-establishes above and closes above EMA20 (~2074), or a clear bullish engulfing pattern appears on the 4H timeframe with a significant increase in OI. Before that, any rebound to 2050-2070 (former support turned resistance) with insufficient volume is a potential shorting opportunity, but the current risk-reward ratio is unclear. Be patient. Either the price shows clear buy absorption in the 1950-2000 zone (long lower shadow + rising OI), forming a left-side accumulation opportunity; or a rebound to the 2050-2070 resistance zone shows signs of stagnation, forming a right-side shorting opportunity. Currently, it’s a phase of emotional release after disorderly decline, and it’s not advisable to chase falling knives. Trade here 👇 $ETH --- Follow me: Get more real-time analysis and insights on the crypto market! ‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL

March 2024 BTC: $70k ETH: $4k SOL: $200 February 2026 BTC: $69k ETH: $2k SOL: $84