ETH: Is the trend bullish or bearish?
The overall trend leans positive (Bullish), but with some short-term caution.
Overall, the data shows 👇
🟢 Healthy cooldown: A lower Funding Rate and declining Open Interest (OI) mean high-leverage positions are being closed, reducing the risk of a sharp drop.
🟢 Temporary selling pressure: The current net flow is negative, explaining the present volatility and quick profit-taking.
🟢 Buyers remain highly optimistic despite the volatility: The Long/Short (L/S) Ratio is significantly elevated, reaching 2.49, which indicates a clear positioning in favor of a rise.
The price is still holding well above the moving averages. We may see a slight sideways move to absorb the current selling pressure. As long as support around 2,650 holds, the way is clear for a test of 2,775 soon.
Share your thoughts: do you expect a breakout soon? 👇
$ETH
#EthereumValidatorExitQueueJumps392%
#ETHUp70%InQ3ButLiquidityFalls
The overall trend leans positive (Bullish), but with some short-term caution.
Overall, the data shows 👇
🟢 Healthy cooldown: A lower Funding Rate and declining Open Interest (OI) mean high-leverage positions are being closed, reducing the risk of a sharp drop.
🟢 Temporary selling pressure: The current net flow is negative, explaining the present volatility and quick profit-taking.
🟢 Buyers remain highly optimistic despite the volatility: The Long/Short (L/S) Ratio is significantly elevated, reaching 2.49, which indicates a clear positioning in favor of a rise.
The price is still holding well above the moving averages. We may see a slight sideways move to absorb the current selling pressure. As long as support around 2,650 holds, the way is clear for a test of 2,775 soon.
Share your thoughts: do you expect a breakout soon? 👇
$ETH
#EthereumValidatorExitQueueJumps392%
#ETHUp70%InQ3ButLiquidityFalls
