Yesterday's analysis for the altcoin pointed to bearish positions around 1660 and 1535, both of which have been hit. If we break below the strong support at 1535, we're heading down to around 1385. $ETH
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神冥2026
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BearishIf 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