This wave of ETC is moving incredibly strong—it jumped straight up within 24 hours, gaining 24%. The price is around 8.7. The chart structure has three lines lifting upward together, clearly a bullish posture. However, now the price is stuck slightly above the middle band; %B is at 0.76, still some distance from the upper band. It’s hovering above the middle band rather than riding the top tightly.
Funding rate is still positive at +0.01%, meaning long positions are bearing relatively high costs—bulls are paying shorts. Open interest is a bit interesting: OI has risen to 26.18 million USD, and within 24 hours the number of warrants surged by 45.8%. Contract capital is flowing in, and the volume/power is definitely not small. Across the whole market, the long/short account ratio is 1.99, with long accounts clearly outnumbering shorts—people are heavily on the long side.
But on the short-term cycle, things are cooling off a bit. In the last 15 minutes, price just dropped after printing a bearish candle, down 2.68%. Trading volume expanded to 1.9 times the recent average. Suddenly, volume surged in, and price action at this level is tugging back and forth quite intensely. Overall, it looks like a breather in a strong structure—the capital is still in the arena, not showing any signs of leaving.
For reference only, not investment advice.
#ETC #点金Midas
Funding rate is still positive at +0.01%, meaning long positions are bearing relatively high costs—bulls are paying shorts. Open interest is a bit interesting: OI has risen to 26.18 million USD, and within 24 hours the number of warrants surged by 45.8%. Contract capital is flowing in, and the volume/power is definitely not small. Across the whole market, the long/short account ratio is 1.99, with long accounts clearly outnumbering shorts—people are heavily on the long side.
But on the short-term cycle, things are cooling off a bit. In the last 15 minutes, price just dropped after printing a bearish candle, down 2.68%. Trading volume expanded to 1.9 times the recent average. Suddenly, volume surged in, and price action at this level is tugging back and forth quite intensely. Overall, it looks like a breather in a strong structure—the capital is still in the arena, not showing any signs of leaving.
For reference only, not investment advice.
#ETC #点金Midas