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$ETH Signal】No Position + Downtrend Continuation Pattern
$ETH On the 4-hour chart, a clear downtrend- consolidation- downtrend structure is present. The current price is consolidating weakly around 2020, which is a typical downtrend continuation pattern.
🎯 Direction: No Position
Market Logic: The price dropped sharply from the high of 2152 with increased volume, while open interest remained stable, indicating that it’s not just a short squeeze but ongoing selling pressure. Although Taker buy orders are dominant, the price cannot rebound, which is a classic “buying absorption failure” signa