$DOS My current assessment is: the trend is still slightly bullish, but I won’t chase above 0.29. It’s better value to wait for a pullback and confirmation rather than running with your emotions. The 15-minute and 1-hour K-line charts show that it rose step by step from around 0.253 to 0.2994, and then retreated to around 0.286. This isn’t just an isolated abnormal wick; the rally phase had continuous volume support. The 24-hour contract trading volume is about $35.2 million.
More concerning is that leverage is moving faster than price: over the past ~4 hours, the open interest value increased from about $3.76 million to about $5.79 million, a rise of roughly 54%. The long/short ratio climbed to 1.18, and the funding rate also reached 0.0377% every 8 hours. Longs still have the edge, but crowding has increased—when price spikes higher, it’s easier for traders to step on each other. The ETH DOS/USDT pool is quoting around 0.285 and is close to the contract price, but the direct pool has shallow liquidity, so you can’t treat the on-chain price as strong support.
I’ll wait for the 0.278—0.283 range to show reduced selling volume and a stop-the-fall pattern before turning bullish again. On the 1-hour chart, I want to see it close back above 0.292 with increased volume—then it counts as a second confirmation. If it breaks below 0.2746, this pullback-and-continue-higher thesis fails. #DOS #合约数据 #AI赛道
More concerning is that leverage is moving faster than price: over the past ~4 hours, the open interest value increased from about $3.76 million to about $5.79 million, a rise of roughly 54%. The long/short ratio climbed to 1.18, and the funding rate also reached 0.0377% every 8 hours. Longs still have the edge, but crowding has increased—when price spikes higher, it’s easier for traders to step on each other. The ETH DOS/USDT pool is quoting around 0.285 and is close to the contract price, but the direct pool has shallow liquidity, so you can’t treat the on-chain price as strong support.
I’ll wait for the 0.278—0.283 range to show reduced selling volume and a stop-the-fall pattern before turning bullish again. On the 1-hour chart, I want to see it close back above 0.292 with increased volume—then it counts as a second confirmation. If it breaks below 0.2746, this pullback-and-continue-higher thesis fails. #DOS #合约数据 #AI赛道