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via Cointelegraph · By Cointelegraph Staff

ETH Derivatives and Onchain Data Suggest the Path to $2,600 Remains Open

ETH

ETH/USDT

$1,875.45

-0.53%

$1,875.45

-0.53%

(24s)

24h Volume

$2,351,848,443.99

24h H/L

$1,892.31 / $1,869.17

Change: $23.14 (1.24%)

Long/Short

67.2%

Long: 67.2%Short: 32.8%

Funding Rate

+0.0041%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,885.28

▲ 0.14%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.34

Resistance 1$1,889.97

Price$1,885.28

Support 1$1,882.59

Support 2$1,837.64

Support 3$1,792.05

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):51.6

Cointelegraph Staff

(05:14 PM UTC)

1 min read

Updated byDavid Kim

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Key takeaways:

ETH derivatives metrics show professional traders are holding steady and haven't flipped bearish despite recent DeFi exploits.
Ethereum’s 53% Total Value Locked market share and institutional ETF demand continue to provide support near $2,200.

Ether price rally stalls, but ETH futures far from bearish

Ether (ETH) price failed to sustain bullish momentum after peaking near $2,380 on…

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Cointelegraph Staff · Cointelegraph

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