$ETH has entered a period of low trading volume and consolidation after breaking through the key psychological level of $2000. The 4-hour chart shows that the last candlestick had a buying ratio of 82%, but the price remained unchanged, which is a typical case of "passive buying absorption" rather than an active rally.
🎯 Direction: Flat
Market Analysis: The price has broken below EMA20 (2025) and EMA50 (2135), indicating a medium-term bearish trend. The RSI (36.72) shows oversold conditions, but the funding rate (-0.0151%) is negative and the open interest is stable, indicating that bears are dominant with low short-squeeze risk. The deep imbalance reached 25.41%, with sell orders (Asks) stacking clearly above 1952.5, forming a short-term supply wall.
Hard Logic: The current price is oscillating in a narrow range of 1930-1955; is this a "healthy reset" after a decline or a "continuation platform"? It largely depends on trading volume. After the sharp drop, trading volume has shrunk significantly, indicating that the downward momentum has temporarily exhausted, but the rebound lacks volume (high buying ratio but price does not increase), showing a lack of main buying force. The order book shows heavy selling pressure above, and any rebound to the 1955-1965 area may face selling.
Risk Control Perspective: Until there is a clear signal of "a strong bullish candle breaking EMA20" or "a significant increase in buying depth in the order book," any long positions would be against the trend. Conditions for shorting are also not met (funding rate not extremely positive, OI not decreasing). The best strategy is to remain flat and wait for the price to make a clear directional choice at key levels (1930 support or 1965 resistance).
Trade here 👇$ETH
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