$ETH is weakly consolidating below EMA20 (2001), deeply unbalanced at -16.47% with sell orders piling up, indicating heavy selling pressure above.
🎯 Direction: No Position
Market Analysis: The price is forming a wide oscillation on the 4H level but is consistently suppressed by EMA20. The latest K-line buy order ratio is only 46%, showing extremely weak active buying intent.
Hard Logic: The funding rate is slightly negative, but open interest is stable, not a short squeeze structure. RSI at 42.14 is in the weak zone, with no oversold rebound momentum. The key issue is the depth of the order book, with the highest sell order (1969.06) reaching 151.3 ETH, more than double that of the buy order, creating a clear liquidity wall that suppresses any rebound attempts.
The current price is in the middle of the chaotic range of 1950-1975, with no clear PA structure support for trading above or below. Any long position is against the trend until the price effectively stands back above EMA20 and observes a thickening of deep buy orders. Shorting conditions are also not met (no high funding rate + declining OI + top divergence resonance).
Risk Control Perspective: ATR is as high as 52.6, market volatility is severe, and noise trading risks are very high. The best strategy is to wait for the price to choose a direction, either breaking through 1975 with volume and stabilizing above EMA20, or breaking below the previous low of 1930 to confirm a continuation of the decline.
Trade here 👇$ETH
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