📉ETH short-term outlook is bearish; 2252 is the reversal level
Public snapshot on November 8: ETHUSDT around 2236, down 0.46% in 24 hours; futures trading volume at $1.78 billion; OI around $5.29 billion, down 1.41%; funding rate +0.0079%/8 hours. Price and open interest are both declining, suggesting long positions are being reduced. Market data (https://fibonomy.com/en/futures/binance/ethusdt)
Aggressive selling is dominant, with 24-hour futures CVD at around −$68.8 million, while buying support is weak. Fund flows (https://informateurcrypto.fr/en/crypto/ethereum)
The 4-hour RSI is 42.6, and the MACD histogram remains negative. Over the next 4–24 hours, ETH is likely to pull back and test 2223; a break below that level could see 2206. Resistance is at 2252. If price breaks above it on rising volume and holds, the bearish outlook is invalidated, with 2281 as the next target. Technical indicators (https://www.makeea.com/markets/ethusdt)
#ETH #ETHUSDT #以太坊 #FuturesTrading
Public snapshot on November 8: ETHUSDT around 2236, down 0.46% in 24 hours; futures trading volume at $1.78 billion; OI around $5.29 billion, down 1.41%; funding rate +0.0079%/8 hours. Price and open interest are both declining, suggesting long positions are being reduced. Market data (https://fibonomy.com/en/futures/binance/ethusdt)
Aggressive selling is dominant, with 24-hour futures CVD at around −$68.8 million, while buying support is weak. Fund flows (https://informateurcrypto.fr/en/crypto/ethereum)
The 4-hour RSI is 42.6, and the MACD histogram remains negative. Over the next 4–24 hours, ETH is likely to pull back and test 2223; a break below that level could see 2206. Resistance is at 2252. If price breaks above it on rising volume and holds, the bearish outlook is invalidated, with 2281 as the next target. Technical indicators (https://www.makeea.com/markets/ethusdt)
#ETH #ETHUSDT #以太坊 #FuturesTrading