【$ETH Signal】Empty position + Downtrend consolidation, waiting for key support confirmation

$ETH After a volume breakout below EMA20, the market entered a weak consolidation phase. Deep imbalance indicates heavy selling pressure; currently, this is only a downtrend consolidation, not a valid support level.

🎯 Direction: Empty position

Market analysis: On the 4H chart, after a volume breakout below the key EMA20 (2068), the price consolidated with decreasing volume around 2000. Deep imbalance of -29.53% and ask orders significantly thicker than bid orders indicate persistent selling pressure above, and institutions are not interested in supporting the market here.

Logical core: Price action (PA) shows that rebound highs are decreasing sequentially (2148 -> 2123 -> 2073), indicating a weakening structure. Although the funding rate is negative (-0.0201%), open interest (OI) remains stable, and there is no combination of rising OI plus negative funding rate needed for a short squeeze, so the short structure remains solid. RSI (42.11) is not in oversold territory, leaving room for further decline.

Key levels: Valid support below requires monitoring the previous low at 1993 and daily order blocks. Until the price reclaims EMA20 with increasing OI (capital inflow), any rebound should be viewed as a reduction in position rather than a buy signal. Risk management core: current win rate is insufficient; wait for clearer supply and demand reversal signals before taking action.

Trade here 👇 $ETH

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