【$ETH Signal】Hold Cash and Wait — Downward Continuation in Deep Imbalance

$ETH After a volume-driven drop below the key psychological level of $2000, the market enters a consolidation phase with decreasing volume. The 4-hour chart shows that the last candlestick has a buy ratio as high as 82%, but the price remains unchanged. This is a typical “passive buy absorption,” not an active rally.

🎯 Direction: Hold Cash

Market Analysis: The price has broken below the EMA20 (2025) and EMA50 (2135), indicating a medium-term downtrend. RSI (36.72) shows oversold conditions, but the funding rate (-0.0151%) is negative and open interest remains stable, suggesting bears are in control with low short-squeeze risk. The depth imbalance reaches 25.41%, with significant ask orders stacked above 1952.5, forming a short-term supply wall.

Logical Hardcore: Currently, the price fluctuates narrowly between 1930-1955. Is this a “healthy reset” after a decline or a “consolidation platform”? The key depends on volume. After a sharp drop, trading volume has sharply decreased, indicating the downward momentum has temporarily exhausted. However, the rebound lacks volume (high buy ratio but no price increase), showing a lack of major buying support. The order book reveals heavy selling pressure above, and any rebound to the 1955-1965 zone could encounter selling.

Risk Control Perspective: Before clear signals such as “volume breakout above EMA20 with a bullish candle” or “significant deepening of buy orders in the order book,” any long positions are counter-trend and risky. Conditions for shorting are also not met (funding rate not extremely positive, open interest not decreasing). The best strategy is to stay in cash and observe, waiting for the price to make a clear directional move at key levels (support at 1930 or resistance at 1965).

Trade 👇 $ETH

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