$ETH has formed a descending channel on the 4H level, with prices oscillating narrowly near the lower edge of the channel, lacking a clear direction.
🎯Direction: Short position
Price has retreated from the high of 2152, and the 4H candlestick shows continuous declines, with the latest candlestick exhibiting extremely low trading volume, indicating a strong market wait-and-see sentiment. The order book is sparse near the current price, with both buying and selling forces weak. The open interest remains stable, but the funding rate is negative, combined with Taker selling behavior, indicating a short-term bearish sentiment, although the main force has not actively suppressed it. The current price is located in the critical support area of 2065, and it is necessary to observe whether it can break down effectively or stabilize here.
Trade here 👇$ETH
---
Follow me: Get more real-time analysis and insights into the crypto market!
