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$ETH Signal】Short Position, Waiting for Panic Selling to Clear
$ETH Is experiencing a technical rebound after a panic sell-off. Three consecutive large bearish candles on the 4H chart broke through key support levels, accompanied by high open interest and negative funding rates, indicating that long leverage is being systematically liquidated. The current rebound volume is shrinking, only serving as a consolidation during a downtrend.
🎯Direction: Short (NoPosition)
Market Logic: Price dropped from the 2107 high point in a waterfall decline to 1736, a drop of over 17%. During this period, ope