$ETHFI 15m moved up 0.85%, with volume at 1.56x and a Z-score of 2.37—there’s finally a bit of activity.
Interestingly, OI is also rising: +0.07% over 15m and +0.24% over 1h, with notional changes in the hundreds of thousands of U. Price is moving up alongside new leverage, which looks more like fresh longs entering than mere short covering. The anomaly percentile is 84.5%, ranking #13 across the entire pool, while the notional change ranks #31—so this move is also relatively notable across the pool.
The closing price has just broken above the highs of the last 20 5m candles, depth confirmation looks acceptable, and volume is above normal. However, the taker flow imbalance is -2.1% and the buy/sell ratio is 0.96, slightly favoring sellers. Keep an eye on that—the breakout has happened, but aggressive buying hasn’t fully followed through yet.
24h trading volume is 21.5M, which isn’t particularly high. From here, either volume continues to pick up and price holds above the breakout level, or this turns out to be a false breakout and pulls back. Watch to see whether OI keeps increasing, and don’t rush to chase it.
Interestingly, OI is also rising: +0.07% over 15m and +0.24% over 1h, with notional changes in the hundreds of thousands of U. Price is moving up alongside new leverage, which looks more like fresh longs entering than mere short covering. The anomaly percentile is 84.5%, ranking #13 across the entire pool, while the notional change ranks #31—so this move is also relatively notable across the pool.
The closing price has just broken above the highs of the last 20 5m candles, depth confirmation looks acceptable, and volume is above normal. However, the taker flow imbalance is -2.1% and the buy/sell ratio is 0.96, slightly favoring sellers. Keep an eye on that—the breakout has happened, but aggressive buying hasn’t fully followed through yet.
24h trading volume is 21.5M, which isn’t particularly high. From here, either volume continues to pick up and price holds above the breakout level, or this turns out to be a false breakout and pulls back. Watch to see whether OI keeps increasing, and don’t rush to chase it.