$ETH funding rate is +0.0089%. I’m bullish: $2,426, +0.40% over 24h, 15/18 rising, with 83.3% breadth.
Wu Says Blockchain just reported that BitMine holds 6,041,481 ETH, or 4.9%, and bought an additional 12,535 ETH over the past week. It also holds 215 $BTC . I’m making a note of this.
I plan to enter at $2,400–$2,415, on a pullback from the 0.40% gain; the setup is invalid below $2,380, roughly -1.9%. First target: $2,460 (+1.4%), then $2,490 (+2.6%).
The 83.3% breadth makes me cautious, while the 0.40% gain suggests the trade isn’t crowded yet. I won’t chase.
Which do you trust more: 83.3% breadth or the 2.66 long/short ratio?
Long $ETH .
#Binance #ETH #BTC #Market
Wu Says Blockchain just reported that BitMine holds 6,041,481 ETH, or 4.9%, and bought an additional 12,535 ETH over the past week. It also holds 215 $BTC . I’m making a note of this.
I plan to enter at $2,400–$2,415, on a pullback from the 0.40% gain; the setup is invalid below $2,380, roughly -1.9%. First target: $2,460 (+1.4%), then $2,490 (+2.6%).
The 83.3% breadth makes me cautious, while the 0.40% gain suggests the trade isn’t crowded yet. I won’t chase.
Which do you trust more: 83.3% breadth or the 2.66 long/short ratio?
Long $ETH .
#Binance #ETH #BTC #Market