【$ETH Signal】Hold Cash and Wait—Weak Rebound in Downtrend, Key Support Unconfirmed

$ETH Continues Weak Consolidation After Breaking Below EMA20, Price Below All Key Moving Averages, 4H Level Shows Downtrend Continuation Pattern. Buying Power Is Weak, Rebound Is Lackluster.

🎯Direction: Hold Cash (NoPosition)

Market Analysis: Price has fallen from a high of $2148 to around $2000. 4H candlesticks show each rebound high is decreasing ($2148→$2123→$2073→$2038). RSI at 42.9 is in a weak zone but not oversold, lacking momentum for a rebound.

Hard Logic: The key issue is that open interest (OI) remains stable rather than decreasing. Combined with falling prices, this suggests that the long positions may be passively closed or new shorts opened, rather than a rebound triggered by short-term profit-taking. The buy/sell ratio remains below 0.5, indicating market dominance by active selling pressure.

Depth data is neutral, with no significant institutional buy orders protecting the market. Price needs to first stabilize above EMA20 ($2059) and be accompanied by rising OI and a warming buy ratio to confirm the downtrend momentum is exhausted. Currently, it’s only weak sideways movement; long positions lack logic, and the risk/reward ratio for short positions is poor.

Trade here 👇 $ETH

---

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

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL