A lot of people are saying ETH bottomed at 2,100, then dropped straight to 1,900 without any bounce, while BTC has also been quietly hovering around 71–72k.
I think the issue isn’t just the price: funding is deeply negative and liquidations are rising sharply, so short positions are losing their momentum.
If funding turns positive and risk-related capital flows decrease, I expect ETH could bounce to 2,300–2,400 in the next 4–8 hours, and BTC could rebound to 73–74k.
Otherwise, the 1,500–1,650 support level remains a “safe zone” for a prolonged sideways market.
What do you all think? Should we wait for a funding signal?
I think the issue isn’t just the price: funding is deeply negative and liquidations are rising sharply, so short positions are losing their momentum.
If funding turns positive and risk-related capital flows decrease, I expect ETH could bounce to 2,300–2,400 in the next 4–8 hours, and BTC could rebound to 73–74k.
Otherwise, the 1,500–1,650 support level remains a “safe zone” for a prolonged sideways market.
What do you all think? Should we wait for a funding signal?