【$ETH Signal】Empty Position | Waiting for Key Support Confirmation

$ETH Accelerating downward after breaking below EMA20 (2062), currently testing the psychological level of 2000. 4H candles are consecutively bearish, buying pressure is weak, but the deep imbalance (79.79%) indicates institutional buy orders stacking below, suggesting a short-term sideways correction phase.

🎯 Direction: Empty Position

Market Analysis: Price has fallen from the high of 2148, breaking below the previous low of 2049.64, forming lower highs and lows. The 4H RSI (41.37) shows it has not entered oversold territory, leaving room for further decline. ATR (57.5) has expanded, indicating increased volatility.

Core Logic: Open interest (OI) remains stable, funding rate is slightly negative (-0.0196%), ruling out large-scale dumping by major players or panic liquidations. It appears more like a healthy long leverage washout.

Key Observation: Price needs to show clear buy absorption and candlestick reversal signals (such as long lower shadows or bullish engulfing) near 2000-1993 (previous low/liquidity zone). If it breaks below 1993, the next target will be in the 1950-1900 range.

Current Strategy: Stay on the sidelines. Wait for clear order flow reversal signals in the key support zone (1993-2000), such as persistent deep buy orders or 4H RSI divergence, before considering long entries on the left side. Strictly avoid bottom fishing without signals.

Trade here 👇 $ETH

---

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