$ETH After a significant drop in volume, the market shows characteristics of panic selling. High positions accompanied by price declines suggest that the bulls are being liquidated, which is typical of an accelerating downward phase.
🎯 Direction: Stay out of the market
The market is undergoing a strong deleveraging process. Current price action is driven by liquidation, not healthy value transfer. Any attempts to catch a falling knife may be swallowed by subsequent waves of liquidation. A true reversal signal requires waiting: 1) Significant reduction in trading volume, 2) Clear buying absorption and low volatility consolidation at key support areas (such as 2000-2050). Until then, maintaining a wait-and-see approach is the best strategy.
Trade here 👇$ETH
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