$ETH fee rate turns negative; open interest is generally normal. Who reaches 2645 or 2777 first?
Current price $2,684 (24h -2.45%)
First, look at the funding rate. The ETH 8-hour funding is only slightly negative. Shorts pay a tiny amount, but it really doesn’t point to any clear direction.
Open interest is just over 2.1 billion—average levels—suggesting there isn’t big money urgently placing bets. That’s basically the mood for the short term: calm, not panic.
Today there’s a direct piece of news: Blast announced it’s shutting down, advising users to withdraw their assets to the Ethereum mainnet before October 26.
It sounds like liquidity is being pulled back to the mainnet, but the chart hasn’t responded. Instead, price slightly retreated around 2683, with a 24-hour drop of 2.45%.
So don’t assume the news will translate directly in a linear way.
Technically, the area around 2645 is the recent low from the past two days. If it holds, it suggests there are buyers willing to absorb the pullback—we can keep watching.
The level around 2777 is the high from the last two days. Only if price breaks above it on increased volume will the sentiment truly get reignited. Otherwise, it’s likely just more grinding.
What do you think—since the funding rate is this cold, is it waiting for direction?
#ETH #行情观察 #币圈日常
Current price $2,684 (24h -2.45%)
First, look at the funding rate. The ETH 8-hour funding is only slightly negative. Shorts pay a tiny amount, but it really doesn’t point to any clear direction.
Open interest is just over 2.1 billion—average levels—suggesting there isn’t big money urgently placing bets. That’s basically the mood for the short term: calm, not panic.
Today there’s a direct piece of news: Blast announced it’s shutting down, advising users to withdraw their assets to the Ethereum mainnet before October 26.
It sounds like liquidity is being pulled back to the mainnet, but the chart hasn’t responded. Instead, price slightly retreated around 2683, with a 24-hour drop of 2.45%.
So don’t assume the news will translate directly in a linear way.
Technically, the area around 2645 is the recent low from the past two days. If it holds, it suggests there are buyers willing to absorb the pullback—we can keep watching.
The level around 2777 is the high from the last two days. Only if price breaks above it on increased volume will the sentiment truly get reignited. Otherwise, it’s likely just more grinding.
What do you think—since the funding rate is this cold, is it waiting for direction?
#ETH #行情观察 #币圈日常