【$ETH Signal】Bearish — Holding Volume Trap After Breakout with Increased Volume

$ETH After a volume-driven decline, the open interest (OI) remains high, indicating a typical bullish liquidation-driven decline rather than a healthy shakeout by the main force. Market logic suggests either “main force distribution” or “bullish liquidation,” with the current price action leaning more towards the latter, but caution is needed as it may evolve into the former.
🎯Direction: Short (Short)
🎯Entry: 2805 - 2820
🛑Stop Loss: 2865 (Rigid stop loss, a break above this level invalidates the downward structure)
🚀Target 1: 2750
🚀Target 2: 2680
Price broke key support with increased volume, but open interest did not decrease, indicating that many long positions are trapped but not fully liquidated. This creates a “holding volume trap,” requiring further decline to force these positions to close, thus generating downward inertia. A rebound near 2820 forms a new supply zone that should be absorbed.
Trade here 👇 $ETH
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