$ETH flushes to $2,060, its lowest print since Aug 19 📉
Binance spot snapshot (10:17 KST, Nov 9 / 01:17 UTC):
• ETH $2,132, -4.6% 24h (H $2,246, L $2,060) vs BTC $74,988, -1.1%
• The drop hit in the 4h candle from 05:00 KST; bounce since has stalled near $2,150
• Below 4h MA20 (~$2,228) and MA50 (~$2,273)
• Futures OI value fell ~$5.31B to ~$4.85B in one 4h bar, a leverage flush
• Account long/short ratio 3.79 (79% of accounts long), funding slightly negative
Speculative levels, not a signal: $2,060 is the line to hold. Reclaiming $2,150 opens a retest of the ~$2,228 MA20; a 4h close under $2,060 risks a fresh leg lower. Crowded longs mean further wicks are possible.
Source: Binance public spot/futures market data.
Not financial advice. DYOR.
#ETH #CryptoMarket #WriteToEarn
Binance spot snapshot (10:17 KST, Nov 9 / 01:17 UTC):
• ETH $2,132, -4.6% 24h (H $2,246, L $2,060) vs BTC $74,988, -1.1%
• The drop hit in the 4h candle from 05:00 KST; bounce since has stalled near $2,150
• Below 4h MA20 (~$2,228) and MA50 (~$2,273)
• Futures OI value fell ~$5.31B to ~$4.85B in one 4h bar, a leverage flush
• Account long/short ratio 3.79 (79% of accounts long), funding slightly negative
Speculative levels, not a signal: $2,060 is the line to hold. Reclaiming $2,150 opens a retest of the ~$2,228 MA20; a 4h close under $2,060 risks a fresh leg lower. Crowded longs mean further wicks are possible.
Source: Binance public spot/futures market data.
Not financial advice. DYOR.
#ETH #CryptoMarket #WriteToEarn