Ether triple top strikes at $2.4K as ETH analysts doubt bullish trend change
Ether (ETH
ETH: Binance cumulative net taker volume. Source: CryptoQuant
The funding rate offers a clearer signal, sitting near -0.013%, the lowest reading since February. The short positions dominate new activity while earlier long exposure has been reduced.
Crypto analyst Amr Taha noted that this combination places ETH in a shorts-heavy setup with lower leverage. If price holds near current levels, the imbalance between positioning and price could tighten, leading to a breakout sooner than later.
The key zone centers on $2,150, where liquidation risks and the current technical level converge on the daily chart.
Related: ETH price up 10% in April, so why is Ethereum Foundation selling?
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