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

$ETH In the daily downtrend, the price is undergoing weak consolidation around $2000. It continues to trade below the EMA20 ($2052), indicating a bearish structure. Although there is a slight rebound on the 4H timeframe, buying pressure remains weak (Buy/Sell Ratio only 0.5), and depth data shows sell orders piling up (58.262 ETH at the ask level of $2019.51). The funding rate is -0.0084%, negative, but open interest remains stable, indicating no short squeeze, just overall market sentiment leaning bearish.

🎯Direction: No Position (NoPosition)

Currently, there is no clear bullish signal 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 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 open interest rising, consider trend-following long positions. If a rebound reaches $2080-$2100 (previous resistance zone) and shows signs of stagnation, open interest declines, and RSI shows bearish divergence, reassess shorting opportunities. Risk management is priority; hold and observe.

Trade here 👇 $ETH

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