There is a signal of a bottom recovery in Ethereum.

The combination of spot buying support and negative funding creates an environment where shorts could be squeezed, and the volume isn't bad either. The market maker may be planning a "short squeeze preparation." If the price is pushed a bit higher and the resistance is broken, the shorts inside will explode. Therefore, in the short term, the long scenario technically appears stronger.

Disclaimer

This content is not investment advice and is solely based on personal analysis and opinion. Crypto assets carry high risk; there is no guarantee of fixed returns or profits. Please do your own research. $eth #eth