Ethereum fell below $2,000 tonight, for the first time in about three months.
A little after 7 p.m., it first broke below the $2,040 level it had been hovering around all day. After 9 p.m., it dropped again, hitting a low of around $1,988.
What’s relatively unusual is that open interest on Binance futures, measured in coins, barely declined today—and was slightly higher this evening.
Prices fell quite a bit, but most positions on both sides remained open. This drop didn’t do much to flush out leverage.
So volatility is likely to remain high over the next few days.
Whether it can reclaim $2,000 soon is crucial. If it can’t get back above that level, the area around $1,900—where prices repeatedly tested the bottom in August—will be the next reference point.
On the other hand, if it quickly gets back above $2,040, tonight’s move will look more like a false breakdown.
Do you think it’s more likely to reclaim $2,000 this week, or head toward $1,900 first?
$ETH
#以太坊 #ETH
A little after 7 p.m., it first broke below the $2,040 level it had been hovering around all day. After 9 p.m., it dropped again, hitting a low of around $1,988.
What’s relatively unusual is that open interest on Binance futures, measured in coins, barely declined today—and was slightly higher this evening.
Prices fell quite a bit, but most positions on both sides remained open. This drop didn’t do much to flush out leverage.
So volatility is likely to remain high over the next few days.
Whether it can reclaim $2,000 soon is crucial. If it can’t get back above that level, the area around $1,900—where prices repeatedly tested the bottom in August—will be the next reference point.
On the other hand, if it quickly gets back above $2,040, tonight’s move will look more like a false breakdown.
Do you think it’s more likely to reclaim $2,000 this week, or head toward $1,900 first?
$ETH
#以太坊 #ETH
