【$ETH Signal】Short Position + Downtrend Continuation Pattern

$ETH After breaking below key support, the market enters a downtrend consolidation, with price action showing weak rebounds and main players still distributing.

🎯 Direction: Short

The 4H chart shows that the price dropped sharply from the high of 2152, breaking through the key demand zone at 2080-2100. Although the latest candlestick shows a slight rebound, trading volume has decreased, indicating weak buying pressure. The order book is stacked with a large number of sell orders (74.782 ETH) above 2060, forming a strong resistance.

On the data side, open interest remains stable (OI Trend: Stable) while the price declines. Coupled with negative funding rates, this suggests that bears are in control and bulls have not exited in large numbers, posing further liquidation risks. Taker Buy Volume is positive but occurs during narrow-range consolidation after a decline, indicating passive buying during a weak rebound rather than active accumulation.

Currently, the price is oscillating between the previous low of 2008 and resistance at 2069, lacking a clear reversal pattern. Market logic indicates a ‘main player offloading’ phase. Strategy-wise, wait for more definitive breakout or reversal signals; currently, it’s best to stay on the sidelines.

Trade here: 👇 $ETH

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