$ETH
After the dip to the $1955 zone, buyers quickly scooped up the drop, and the price has already bounced back above $2000. The hourly candlestick chart shows an attempt to form a local rebound, although the overall structure remains weak after a prolonged downtrend.
The most interesting data comes from derivatives. The long-to-short ratio among major players is nearly 2:1. This indicates that a significant portion of the market is already betting on an ETH recovery.
But there's a catch.
Despite the dominance of longs, a net outflow of capital exceeding $119 million has been recorded in the last 24 hours. This means traders are opening long positions, but new money isn't flowing into the market actively enough yet.
Another detail that caught my eye: open interest has started to rise along with the price after the local bottom. This is the first sign that participants are returning to the market after a wave of liquidations.
For me, the key zone right now is $1955. ETH has already shown a strong reaction from this level. As long as this level holds, buyers retain a chance for a deeper recovery.
The situation looks like a tug-of-war between trader optimism and actual capital outflow.
Trading $ETH ๐
After the dip to the $1955 zone, buyers quickly scooped up the drop, and the price has already bounced back above $2000. The hourly candlestick chart shows an attempt to form a local rebound, although the overall structure remains weak after a prolonged downtrend.
The most interesting data comes from derivatives. The long-to-short ratio among major players is nearly 2:1. This indicates that a significant portion of the market is already betting on an ETH recovery.
But there's a catch.
Despite the dominance of longs, a net outflow of capital exceeding $119 million has been recorded in the last 24 hours. This means traders are opening long positions, but new money isn't flowing into the market actively enough yet.
Another detail that caught my eye: open interest has started to rise along with the price after the local bottom. This is the first sign that participants are returning to the market after a wave of liquidations.
For me, the key zone right now is $1955. ETH has already shown a strong reaction from this level. As long as this level holds, buyers retain a chance for a deeper recovery.
The situation looks like a tug-of-war between trader optimism and actual capital outflow.
Trading $ETH ๐