Now the attention in the crypto market is all on BTC and SOL, but this 15% bearish candle from $ETHFI is actually the most exciting match of the day between bulls and bears.
In the past 24 hours, trading volume reached 709 million, with 98.67 million in volume. The price pulled almost a 13% range between the high and the low—this isn’t a low-volume, slow sell-off; someone is actively distributing. The price at 0.6543 has already broken through the prior low support zone. The bears’ logic is clear: trapped holders won’t be bought back, and sidelined capital won’t step in—so they will keep driving it lower until there is someone willing to pick it up.
The bulls’ case isn’t nonexistent either. The funding rate has stayed within the balanced band of -0.0002%, suggesting there aren’t many actively adding shorts—after dropping this much,
#ETHFI
In the past 24 hours, trading volume reached 709 million, with 98.67 million in volume. The price pulled almost a 13% range between the high and the low—this isn’t a low-volume, slow sell-off; someone is actively distributing. The price at 0.6543 has already broken through the prior low support zone. The bears’ logic is clear: trapped holders won’t be bought back, and sidelined capital won’t step in—so they will keep driving it lower until there is someone willing to pick it up.
The bulls’ case isn’t nonexistent either. The funding rate has stayed within the balanced band of -0.0002%, suggesting there aren’t many actively adding shorts—after dropping this much,
#ETHFI