On the evening of September 2, the 24-hour K-line of $ETH fell back to around $2,374. After the price pulled back from its intraday high, the market is testing whether the area around $2,370 can shift from a brief stop to a genuine consolidation/holding zone.
The latest trade samples are mainly distributed between $2,368 and $2,373, and the funding rate remains slightly positive. With the price hovering close to the dense trading zone and the funding rate not weakening in sync, it suggests that capital holding long positions is still waiting for the price to deliver an answer. If the price can gradually stabilize above this band, the pullback is more likely a matter of regrouping and resetting the tempo; if it continues to fall below it, then we need to watch whether a new concentration of trades emerges below.
The chart reflects the current market condition and does not constitute any trading advice. $ETH #以太坊 #crypto market
The latest trade samples are mainly distributed between $2,368 and $2,373, and the funding rate remains slightly positive. With the price hovering close to the dense trading zone and the funding rate not weakening in sync, it suggests that capital holding long positions is still waiting for the price to deliver an answer. If the price can gradually stabilize above this band, the pullback is more likely a matter of regrouping and resetting the tempo; if it continues to fall below it, then we need to watch whether a new concentration of trades emerges below.
The chart reflects the current market condition and does not constitute any trading advice. $ETH #以太坊 #crypto market
