Ethereum open interest just reclaimed the 100 EMA and is now testing the 365 EMA.
This is a key technical level. If $ETH breaks and holds above the 365 EMA, we could see an explosive move higher.
Open interest rising while price consolidates often precedes big moves. Watch this closely — if it reclaims and holds, it confirms buyers are stepping in with conviction.
For long-term holders: this is noise until we're back above major resistance. But it's a positive sign that momentum is building. Stay patient, let the chart confirm, and add on weakness if your conviction is there.
This is a key technical level. If $ETH breaks and holds above the 365 EMA, we could see an explosive move higher.
Open interest rising while price consolidates often precedes big moves. Watch this closely — if it reclaims and holds, it confirms buyers are stepping in with conviction.
For long-term holders: this is noise until we're back above major resistance. But it's a positive sign that momentum is building. Stay patient, let the chart confirm, and add on weakness if your conviction is there.