The afternoon session has reached this point: ETH is around 692.30, down 2.29% over the past 24 hours.

The intraday range is 691.72 to 711.65, with a trading volume of 76 million USDT. Neither bulls nor bears are making any major moves right now; both sides are waiting for a signal.

If trading volume picks up this afternoon and breaks through 711.65, it would suggest the bulls still have some fight left. On the other hand, if the price retests 691.72 and fails to hold, this rally may be coming to an end. For those trading futures, the biggest mistake right now would be betting heavily on a direction—you could easily get wiped out by a sudden move.

Are you sitting on the sidelines this afternoon, or making a short-term trade?

#ETH #合约 #资金费率 #market