US EditionETH Price on Edge: Massive Drop Looms if $4K Breaks
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ETH Price on Edge: Massive Drop Looms if $4K Breaks
TL;DR Ethereum trades sideways between $4K and $4.9K, with analysts watching key short-term levels closely. Exchange supply ratio falls to record lows, signaling reduced sell pressure compared to earlier market cycles. Binance ETH open interest drops an average 15%, aligning with spot price correcti...
ETH Correction Exceeds 8%: Binance OI Data Hints at Imminent Recovery
Ethereum is now in a correction phase after reaching a high of about $4,950 in late August, with open interest (OI) dropping more than 8% in the past week. On the other hand, Binance’s futures market data suggests that the dip may be close to running out of steam, which could set the stage for the next rally. Reading the Futures Market Tea Leaves According to analysis shared by crypto researcher Burak Kesmeci, local bottoms for Ethereum have fre…
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