【$ETH Signal】Short Position + Downtrend Consolidation

$ETH enters a weak consolidation after a sharp decline, with price action indicating a downtrend continuation. In the 4H timeframe, the price rebound is weak and consistently suppressed by VWAP. Key data reveals the truth: Taker Volume shows net selling, the funding rate is negative but with a very small absolute value, indicating that the main short sellers have not exited the market. Stable open interest suggests a brief balance between bulls and bears, serving as a buildup before the next downward move.

🎯 Direction: Short

Market logic is clear: price declines accompanied by stable open interest, not a forced liquidation of longs, but orderly distribution by the main players. The 4H candlestick rebound highs are decreasing sequentially (2118→2085→2075), indicating weakening buying power. The order book near 2061 is heavily stacked with sell orders, forming a clear resistance zone. The current consolidation is a breather led by the bears, not a reversal signal. Patience is needed until the price breaks below the 2000 level or rebounds to the 2080-2100 resistance zone to signal a short opportunity.

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