【$ETH Signal】Short Position Waiting for Key Support Confirmation

$ETH Accelerating downward after breaking below EMA20, currently testing the 2000 level. 4H candles are consecutively bearish, buying pressure is weak (Buy/Sell Ratio < 0.5), but depth imbalance is as high as 87.48%, with bids stacking below, indicating institutional efforts to defend the price at critical levels.
🎯Direction: Short
Market Analysis: Price rapidly fell from the high of 2148 to 2037, a drop of over 5%. Key data are contradictory: funding rate turned negative (-0.0183%), but open interest (OI) remains stable, suggesting it’s not a main force liquidation but rather long leverage cleaning. RSI (45.46) enters a neutral-weak zone, not oversold.
Hardcore Logic: Current price is in the middle of the oscillation zone formed by the previous low of 1983 and EMA20 (2060), with an unclear direction. No bullish structure: no stabilization candles after volume contraction, and price is still under EMA20 pressure. No bullish momentum: negative funding rate + stable OI, with risk of a short squeeze, and strong support at 1983 below.
Risk Control Perspective: ATR is as high as 59, indicating high market volatility. The best strategy is to stay on the sidelines and observe how the price reacts within the key support zone of 1983-2000. If volume increases and price breaks below 1983, consider shorting on the right side. If buy orders absorb the selling (Buy/Sell Ratio > 0.7) within the support zone and a lower shadow is formed, consider setting up long positions on the left side. Current win rate is low; patience is key.
Trade here 👇 $ETH
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