$ETH Price Analysis 🚨

➺ Price broke above $3K yesterday and now some profit taking is happening

➺ Open Interest is now almost at December 2024 levels, when ETH was trading at $3.7K

➺ Funding rate has elevated but still down from Q4 2024 highs.

➺ Long/short ratio is down to May 2025 levels, right before ETH pumped 50% in a week.

There are definitely some greedy longs coming, but still market isn't overheated yet.

Spot ETF demand is still coming, and we could see more liquidations.