【$ETH Signal】Empty Position Waiting — Panic Selling in Deep Imbalance, No Major Support Seen

$ETH After a volume-driven breakdown of the key support at $2000 on the 4-hour chart, the market has entered a panic selling phase. The price is testing liquidity around $1940, but the depth chart shows heavy selling pressure (imbalance -69.93%), with no effective buy support.

🎯Direction: No Position (NoPosition)

Market Analysis: The 4-hour candlestick has closed consecutively bearish, with the latest candle accompanied by significant volume (1.45M ETH) and a buy/sell ratio of 0.48, indicating active selling dominance. The price has broken below all short-term moving averages (EMA20: $2032), and RSI( at 35.83) is in oversold territory but not showing divergence, indicating a one-sided decline.

Hardcore Logic: Key negative signals resonating. 1. Funding rate at -0.0166% is negative, but open interest (OI) remains stable rather than rising, ruling out short squeezes and suggesting passive long liquidation. 2. Order book depth is severely imbalanced, with a sell wall (at $1944.52 with 51.449 ETH) far thicker than buy orders, indicating market reluctance to absorb immediate buy orders. 3. After breaking below the previous low of $1937 (liquidity point), the rebound is weak, defining it as an effective breakdown with no clear technical support below.

Currently, this is a typical acceleration phase in a downtrend; any rebound attempts are against the trend. Waiting for: 1. Price to show volume spike Pin Bar or bullish engulfing pattern at key levels (e.g., $1900 psychological level). 2. Significant improvement in depth imbalance, with increased buy orders. 3. Open interest begins to rise, and funding rates turn positive, indicating new long entries. All three conditions must be met.

Trade here: 👇 $ETH

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