ETH rebound meets resistance; short-term outlook bearish 📉
Public snapshot on November 7 at 23:33 (UTC+8): ETHUSDT at 2240.80, up 1.17% over 24h, trading volume of $2.84 billion, OI at approximately $5.31 billion, and funding rate of +0.0074%/8h. Data (https://finderside.com/symbols/ETHUSDT/)
The 22:46 snapshot showed OI up just 0.51% over 24h; in the past 4 hours, contracts saw net aggressive selling of $18.11 million, and the rebound lacked sustained buying support. OI (https://swolecharts.com/exchanges/binance/ETH) Volume (https://finderside.com/symbols/ETHUSDT/) The 4-hour RSI is 42.5, and the MACD histogram remains negative, suggesting the weak structure is persisting. Indicators (https://makeea.com/markets/ethusdt)
Over the next 4–24 hours, the bias is for the rebound to meet resistance, followed by a retest of support at 2210–2212. A break below would put 2190 in view. 2254 is key resistance; a high-volume breakout and hold above it would point toward 2272, invalidating the bearish view.
#ETH #ETHUSDT #以太坊 #Binance Futures
Public snapshot on November 7 at 23:33 (UTC+8): ETHUSDT at 2240.80, up 1.17% over 24h, trading volume of $2.84 billion, OI at approximately $5.31 billion, and funding rate of +0.0074%/8h. Data (https://finderside.com/symbols/ETHUSDT/)
The 22:46 snapshot showed OI up just 0.51% over 24h; in the past 4 hours, contracts saw net aggressive selling of $18.11 million, and the rebound lacked sustained buying support. OI (https://swolecharts.com/exchanges/binance/ETH) Volume (https://finderside.com/symbols/ETHUSDT/) The 4-hour RSI is 42.5, and the MACD histogram remains negative, suggesting the weak structure is persisting. Indicators (https://makeea.com/markets/ethusdt)
Over the next 4–24 hours, the bias is for the rebound to meet resistance, followed by a retest of support at 2210–2212. A break below would put 2190 in view. 2254 is key resistance; a high-volume breakout and hold above it would point toward 2272, invalidating the bearish view.
#ETH #ETHUSDT #以太坊 #Binance Futures