【$ETH Signal】Hold cash and wait for the downward momentum to exhaust

$ETH is experiencing a waterfall decline, with consecutive large bearish candles on the 4H chart breaking through all short-term supports. Market logic suggests a liquidation of longs or major players offloading. Funding rates have turned negative, but the order book depth is very thin, indicating liquidity exhaustion. There is no effective support near the current price.

🎯 Direction: Hold cash (NoPosition)

The price has fallen from over 2100 to 1850 within 4 hours, a drop of over 13%, indicating emotional panic selling. Although the last 4H candle closed with a lower shadow, the buy order volume (bid 30 ETH) is far insufficient to reverse the trend, only a technical rebound. The market needs time to digest selling pressure and rebuild liquidity pools. Blindly bottom-fishing carries very high risk. Wait until the price shows a clear stabilization pattern at lower levels (such as the 1750-1800 range), like a long lower shadow pin bar or demand zone absorption on the hourly chart, before reassessing bullish opportunities.

Trade here 👇 $ETH

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#Is the current market bottoming or just observing?