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$ETH Signal】Short position, wait for the downtrend momentum to be exhausted and confirmed
$ETH has formed a downward channel on the 4-hour chart, and the price has broken below a key support level, but short-term selling pressure has eased. Funding rates have turned negative, indicating bearish market sentiment, but open interest has not decreased significantly, suggesting that the downward momentum may not be fully released. Currently, the price is consolidating around 2078 in a narrow range, and we need to wait for clear signs of a trend reversal or a rebound pattern.
🎯 Direction: No pos