If Ethereum's support around 1660 breaks down, we’re likely to see a rapid drop to around 1535.
From the funding rate perspective, there are still a lot of longs stuck at the higher levels. If the market starts to dip and those longs get liquidated or hit their stop losses, we could see a cascade effect leading to a swift drop in price. $ETH
From the funding rate perspective, there are still a lot of longs stuck at the higher levels. If the market starts to dip and those longs get liquidated or hit their stop losses, we could see a cascade effect leading to a swift drop in price. $ETH