$ETH After seven consecutive days of gains, now even the 15-minute moving average can’t be held up. For spot trading, the order-book sell wall in the 20 levels is 2.6 times the thickness of the buy orders. For futures, active selling accounts for 56%; open interest cut in one day is down 2.6%. The long side is holding on at a positive funding rate. After a 27% gain over 7 days, the run is over here. Short at 2456. First target: break through the 3D low at 2355. Second target: reclaim the entire rally from the move up, at 1905. Set stop-loss at 2556, placing it outside the 7D high.
