【$ETH Signal】Short Position + Downtrend Continuation Pattern

$ETH Forms a weak rebound after a sharp decline, showing a downtrend continuation structure on the 4H timeframe. The price is unable to rebound above the key demand zone (1736-1824), currently consolidating narrowly around 1920 with heavy selling pressure above. The funding rate remains positive, indicating that long leverage has not been fully cleared, and high open interest suggests potential secondary liquidation risk. Market logic indicates a possible long squeeze or main force distribution, combined with thin order books and accumulated sell orders, with no effective buying support in the short term.

🎯 Direction: Short Position (NoPosition)

Waiting for the price to effectively break below 1900 and confirm no buy support below, or a strong breakout and stabilization above 1975, then reassess the direction. The current market structure is chaotic, with poor risk-reward ratio, so it’s advisable to stay on the sidelines.

Trade here 👇 $ETH

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#Is the current market bottoming out or just observing?