【$ETH Signal】Empty Position + Observation of Divergence in Open Interest
$ETH Price decline accompanied by high open interest, market logic suggests caution for potential long liquidation or main force distribution risks. No clear buy absorption signals are present on the chart, and price action remains weak.
🎯 Direction: Empty Position
It is not advisable to go against the trend and buy now. Wait until open interest significantly decreases or the price shows clear signs of stabilization at key support zones (such as $2100-$2150), such as an increasing volume bullish candle on the hourly chart or a long lower shadow, before evaluating a long entry.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$ETH Signal】Empty Position + Observation of Divergence in Open Interest
$ETH Price decline accompanied by high open interest, market logic suggests caution for potential long liquidation or main force distribution risks. No clear buy absorption signals are present on the chart, and price action remains weak.
🎯 Direction: Empty Position
It is not advisable to go against the trend and buy now. Wait until open interest significantly decreases or the price shows clear signs of stabilization at key support zones (such as $2100-$2150), such as an increasing volume bullish candle on the hourly chart or a long lower shadow, before evaluating a long entry.
Trade 👇 $ETH
here
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场创作者新春激励
#WhenWillBTCRebound?