🚨 ETH IS AT A CRITICAL LEVEL
Ethereum is holding around $2,700, but the derivatives market is flashing warning signs.
📉 Open interest has dropped sharply
📉 Leverage is at its lowest level since March
Perpetual futures positioning shows a slight bearish bias
Yet ETH is still holding its ground.
That creates an interesting setup: will $2,700 become the launchpad for the next move, or will weakening derivatives activity put more pressure on ETH?
🎯 Key zones to watch:
• $2,700 — important support
• $2,750–$2,800 — near-term resistance zone
The next move could be decisive. 🔥
$ETH
📈$PHA
$BTW
Ethereum is holding around $2,700, but the derivatives market is flashing warning signs.
📉 Open interest has dropped sharply
📉 Leverage is at its lowest level since March
Perpetual futures positioning shows a slight bearish bias
Yet ETH is still holding its ground.
That creates an interesting setup: will $2,700 become the launchpad for the next move, or will weakening derivatives activity put more pressure on ETH?
🎯 Key zones to watch:
• $2,700 — important support
• $2,750–$2,800 — near-term resistance zone
The next move could be decisive. 🔥
$ETH
📈$PHA
$BTW
