$ETH The price has pulled back—while the funds inside the market are still withdrawing. This rebound looks a bit suspicious!
The price bounced from 1850 to 1890.
But open interest has dropped from its recent high to 2.33 million, and the funding rate remains at 0.0040%.
This suggests the prior leveraged positions are exiting, and this current rebound still lacks fresh inflow.
The criteria for a bullish continuation are simple:
As long as the price holds above 1900, and open interest rises in sync.
If both conditions are met, you can look for 1920—1940 on the upside.
If 1900 is kept under pressure, the rebound could end at any time.
On the downside, watch 1860—if that breaks, then 1840—1820.
Don’t jump to conclusions yet; 1900 will provide the answer!
$BTC
$SOL
The price bounced from 1850 to 1890.
But open interest has dropped from its recent high to 2.33 million, and the funding rate remains at 0.0040%.
This suggests the prior leveraged positions are exiting, and this current rebound still lacks fresh inflow.
The criteria for a bullish continuation are simple:
As long as the price holds above 1900, and open interest rises in sync.
If both conditions are met, you can look for 1920—1940 on the upside.
If 1900 is kept under pressure, the rebound could end at any time.
On the downside, watch 1860—if that breaks, then 1840—1820.
Don’t jump to conclusions yet; 1900 will provide the answer!
$BTC
$SOL