When 80% of accounts are long and the price drops 7% in 24 hours, is the market holding firm or just refusing to accept the decline?
That’s what the $ETH now shows.
📊 Snapshot (Binance, 07:52 BRT on 06/11):
• Price 2,239.6 · −7.3% in 24h · range 2,206.3–2,423.8
• 1h: below the EMA20 (2,261), EMA50 (2,299), and EMA200 (2,304) · RSI 35 · volume 0.4× the average
• 4h: below the EMA20 (2,303), EMA50 (2,306), and EMA200 (2,398) · RSI 38
• Futures: ~80% of accounts long (ratio 3.99) · funding 0.004%/8h
• Fear & Greed: 28 (Fear), yesterday 50 · $BTC −5.1% in 24h
My take: low funding with almost everyone long points to a heavily crowded position with little conviction. This doesn’t predict a reversal, but it leaves the market vulnerable to a move against the majority.
🧭 Scenarios:
✅ Bullish: a 4h close above ~2,306 (EMAs 20/50) with volume starts to reopen the path to 2,398 (4h EMA200).
❌ Bearish: a close below 2,206 (24h low) targets 2,174, the low from 29/10, and invalidates the short-term bottom thesis.
The U.S. payrolls report comes out today at 10:30 BRT, so any analysis is only valid until the data is released. Set your stop before your target and keep your position size small.
Do you think this majority of longs is right, or will it become fuel for another drop in $ETH ?
⚠️ This is not financial advice. Do your own research (DYOR). AI-assisted content, reviewed by me.
#ETH #AnaliseTecnica #Crypto
That’s what the $ETH now shows.
📊 Snapshot (Binance, 07:52 BRT on 06/11):
• Price 2,239.6 · −7.3% in 24h · range 2,206.3–2,423.8
• 1h: below the EMA20 (2,261), EMA50 (2,299), and EMA200 (2,304) · RSI 35 · volume 0.4× the average
• 4h: below the EMA20 (2,303), EMA50 (2,306), and EMA200 (2,398) · RSI 38
• Futures: ~80% of accounts long (ratio 3.99) · funding 0.004%/8h
• Fear & Greed: 28 (Fear), yesterday 50 · $BTC −5.1% in 24h
My take: low funding with almost everyone long points to a heavily crowded position with little conviction. This doesn’t predict a reversal, but it leaves the market vulnerable to a move against the majority.
🧭 Scenarios:
✅ Bullish: a 4h close above ~2,306 (EMAs 20/50) with volume starts to reopen the path to 2,398 (4h EMA200).
❌ Bearish: a close below 2,206 (24h low) targets 2,174, the low from 29/10, and invalidates the short-term bottom thesis.
The U.S. payrolls report comes out today at 10:30 BRT, so any analysis is only valid until the data is released. Set your stop before your target and keep your position size small.
Do you think this majority of longs is right, or will it become fuel for another drop in $ETH ?
⚠️ This is not financial advice. Do your own research (DYOR). AI-assisted content, reviewed by me.
#ETH #AnaliseTecnica #Crypto