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

$ETH In the daily timeframe downtrend, the market is undergoing weak consolidation around $2000. The price remains below the EMA20 ($2052), indicating a bearish structure. Although there is a slight rebound on the 4H timeframe, buying pressure is weak (Buy/Sell Ratio only 0.5), and depth data shows order book imbalance with sell orders stacking up (58.262 ETH at $2019.51 asks). The funding rate is -0.0084%, negative, but open interest remains stable, indicating it is not a short squeeze but rather overall market sentiment leaning bearish.

🎯 Direction: No Position (NoPosition)

Currently, there are no clear bullish signals on the chart. Although the price hovers around the psychological level of $2000, the rebound is weak, unable to break above EMA20 effectively, and open interest (OI) is not increasing. Depth data reveals heavy selling pressure above, and the risk-reward ratio for longs is poor. Conditions for shorting are also not met: the funding rate is not extremely positive, RSI (43.5) is in a neutral to slightly low zone, with no bearish divergence signals.

Strategy: Wait and see. If the price can break out with volume and stabilize above EMA20 ($2052) with OI increasing, consider trend-following longs. If a rebound reaches $2080-$2100 (previous resistance zone) and shows signs of stagnation, declining OI, and bearish RSI divergence, reassess short opportunities. Risk management is priority; hold and observe.

Trade here 👇 $ETH

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