【$ETH Signal】No Position + Weak Rebound in a Downtrend

$ETH Continues to consolidate weakly below EMA20 (1976), showing a downward continuation pattern on the 4H timeframe, with diminishing rebound volume and weak buying pressure.

🎯 Direction: No Position

Market Analysis: After breaking below EMA20, the price remains under pressure. The latest 4H candlestick closes at 1933, with a buy/sell ratio of only 0.44, indicating dominant selling pressure. The depth imbalance is as high as 89.06%, but buy orders are concentrated below the current price, representing passive defense rather than active attack, making it easy to be broken through.

Logical Core: 1. Trend Suppression: Price is below EMA20 and EMA50 (2076), with a clear downward daily trend. 2. Weak Data: Funding rate is negative (-0.0025%), but open interest remains stable, with no signs of short squeeze-inducing OI increase, confirming a solid bearish setup. 3. Weak Rebound: After bouncing from 1893 to 1957, the price quickly retreated, with higher highs gradually decreasing. RSI (40) hovers in the weak zone, showing no divergence signals.

Currently, this is a typical weak rebound within a downtrend. Key resistance is at 1950-1960 (former support turned resistance and near EMA20). There are no signs of a “pullback to buy” with volume contraction + key support stabilization + healthy RSI reset (to 50). Although buy orders seem strong, they are traps for false signals. Once the price breaks below the 1930 support zone, a liquidity stampede may occur.

Risk Control Perspective: ATR is 48, indicating high market volatility. Entering long positions against the trend before a clear reversal signal is extremely risky. Follow discipline, stay in cash, and wait for better risk-reward opportunities.

Trade here: 👇 $ETH
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