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

$ETH Accelerated downward movement after breaking below EMA20, currently in a weak consolidation phase within a downtrend.

🎯 Direction: No Position

Market Analysis: Price has broken below the critical dynamic support at EMA20 (2043), confirming a short-term trend weakening. Four-hour candles are consecutively bearish, with the latest candlestick showing only 46% buying volume, indicating persistent selling pressure.

Logical Core: Depth imbalance reaches -52.63%, with the sell wall (128.27 ETH at 1975.08) significantly thicker than buy orders, indicating heavy selling pressure above. Open interest remains stable but funding rates are negative, and combined with falling prices, suggests a bearish dominance rather than short covering.

Technical Resonance: RSI (38.57) has not entered oversold territory, leaving room for further decline. ATR (55) indicates increased volatility, but the price has not yet tested any significant historical support levels (around the previous low of 1824). The current price is in a structural vacuum zone, lacking logical support for long positions.

Trading Plan: Wait for the price to retest the previous low area (1820-1850) and observe for reversal signals such as buy absorption, RSI bullish divergence, and rising open interest. Until then, remain cautious.

Trade here 👇 $ETH

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