【$ETH Signal】Short Position + Downtrend Continuation Pattern

$ETH After breaking below the key support at 2100, the price is forming a downtrend continuation platform around 2040. The 4H chart shows consecutive bearish declines, with buying momentum weak, and Taker Volume indicates active selling dominance.

🎯 Direction: Short Position

Price action indicates an orderly decline rather than panic selling. The 4H candlestick highs are gradually decreasing, and the buy/sell ratio remains below 0.5, suggesting a lack of bullish commitment in the market. Open interest remains stable while prices fall, implying that short positions are being built in an orderly manner rather than a short squeeze. Currently, the sell wall (111 ETH @ 2040.6) is significantly thicker than the buy wall, and rebound momentum is exhausted. Negative funding rates have failed to attract effective buying, and market sentiment is bearish. Waiting for clearer signs of a bottom or a reversal pattern to short on rebounds.

Trade 👇 $ETH

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