📈 $ETH USDT (Perpetual) – 4H Chart + Open Interest Analysis

Last Price: $2,522.01 (+0.19%)

24H High/Low: $2,528.86 / $2,486.31

24H Vol: 1.87M ETH | $4.70B USDT

🧠 Technical Analysis (4H Chart)

🟡 Moving Averages:

MA(7): $2,514.21 ✅

MA(25): $2,532.96 ❌

MA(99): $2,443.40 ✅

ETH is trading above MA(7) and MA(99) but just under MA(25) – shows attempted recovery with short-term support building.

🔼 Price Action:

Strong bounce from $2,367.53 (local bottom)

Faced rejection at $2,635.00

Currently showing signs of range-bound consolidation between $2,475 and $2,530

📊 Volume & Momentum

Volume dropped after the spike around July 2nd, but sideways accumulation is visible.

Candles are tighter, showing reduced volatility, waiting for breakout direction.

📉 Open Interest (5m View)

OI is increasing again after dipping → ❗Fresh positions entering the market

Notional Value also rising, suggesting increasing leverage + market confidence

✅ Summary

Trend: Short-term neutral to slightly bullish

Resistance to Watch: $2,532 (MA25), $2,589, $2,635

Support Zones: $2,514 ➝ $2,471 ➝ $2,443

Open Interest Rising + Tight Price Action = 🔥 Potential Breakout Setup

BTC

108,040.31

+0.02%

ETH

2,517.61

-0.11%

SOL

147.92

+0.14%

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