Ethereum (ETH):
- Price action: ETH is trading around $2,065, down 2.4% in 24h. It’s been bouncing between $2,100 resistance and $2,000 support.
- Derivatives: Open interest climbed back above 15M ETH, nearing the May 16 record of 15.52M. That means leverage is building up again.
- Funding & volume: Funding rates are positive, but 24h cumulative volume delta is negative. Translation: longs are paying funding, but sellers are hitting market orders more aggressively. Mixed signal — could mean a squeeze or a rejection.
- Macro link: ETH is more sensitive to risk-off moves right now because of the oil spike and rising Treasury yields. If BTC breaks $75k, ETH will likely retest $1,950-$2,000.
Key levels:
- Support: $2,000, then $1,950
- Resistance: $2,100-$2,130