【$ETH Signal】Empty Position Waiting — Panic Selling in Deep Imbalance, No Major Support from Main Players

$ETH After a volume breakout below the key support of $2000 on the 4-hour chart, the market enters a panic selling phase. The price is testing liquidity around $1940, but the depth chart shows heavy selling pressure (imbalance -69.93%), with no effective buy support observed.

🎯Direction: No Position (NoPosition)

Market Analysis: The 4-hour candlestick has closed consecutively bearish, with the latest candle accompanied by significant volume (1.45M ETH) and a buy/sell ratio of 0.48, indicating active selling dominance. The price has broken below all short-term moving averages (EMA20: $2032), and RSI(35.83) indicates oversold conditions without divergence, suggesting a one-sided decline.

Hardcore Logic: Key bearish signals resonating. 1. Funding rate at -0.0166% is negative, but open interest (OI) remains stable rather than rising, ruling out short squeeze, indicating passive liquidation of longs. 2. Order book depth is severely imbalanced, with the sell wall (at $1944.52, 51.449 ETH) far thicker than buy orders, showing a lack of immediate market acceptance. 3. After breaking below the previous low of $1937 (liquidity point), the rebound is weak, defining it as an effective breakdown with no clear technical support below.

Currently, this is a typical acceleration phase in a downtrend; any rebound attempts are against the trend. Waiting for: 1. Price to show volume spike with Pin Bar or bullish engulfing pattern at key levels (e.g., $1900 psychological level). 2. Significant improvement in depth imbalance, with increased buy orders. 3. Open interest begins to rise, and funding rates turn positive, indicating new bullish entries. All three conditions must be met.

Trade here: 👇 $ETH

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