【$ETH Signal】No Position + Downtrend Continuation, Waiting for Clear Signal

$ETH Continues weak consolidation after breaking below EMA20, showing a downtrend continuation pattern on the 4H timeframe. Price repeatedly tests the key support zone of 1993-2000 but lacks rebound strength, with no clear signs of buy absorption.

🎯 Direction: No Position

Market Analysis: Price has broken below EMA20 (2054) and EMA50 (2161), confirming a downward trend on the daily chart. The 4H chart shows, after breaking the critical support at 2100, an unruly oscillation within the 1993-2046 range, lacking a definitive directional breakout.

Logical Core: Current open interest remains stable, funding rate is slightly negative (-0.0124%), but there are no signs of short squeeze with significant OI increase. Depth imbalance is at -9.35%, with ask orders stacked above 2011, forming a short-term resistance wall. RSI (42.4) is in a neutral to weak zone, not oversold, leaving room for downward momentum to release.

Core Contradiction: Although the price is temporarily supported above the 1993 low, rebound highs are gradually decreasing (2046 -> 2038 -> 2020), indicating weak consolidation. The buy/sell ratio (0.46-0.50) remains below 1, showing dominant selling pressure. ATR (58.9) indicates high volatility, but current volume is shrinking in consolidation, waiting for volume expansion to determine direction.

Trading Plan: Wait and see. A confirmed break below the 1993 low (logic invalidation point) would open the downside to 1825 (previous low). Conversely, if a volume surge leads to a strong recovery above EMA20 (2054) with rising OI, consider trend reversal long positions. Current win rate is insufficient; risk management first.

Trade here 👇 $ETH

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL