【$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” signal. The main players may be using buy orders to mask distribution. The 4-hour candlestick closes below key moving averages, and the buy/sell ratio hovers around 0.5, showing a temporary balance between bulls and bears, but the structure has been broken. A new supply zone has formed around 2040-2050. The risk of downside increases until the price reclaims this zone and shows clear buy absorption signals.

Trade here 👇 $ETH

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