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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

$1,573.07

-0.27%

$1,573.07

-0.27%

(24s)

24h Volume

$16,071,617,459.99

24h H/L

$1,660.54 / $1,532.90

Change: $127.64 (8.33%)

Long/Short

79.0%

Long: 79.0%Short: 20.9%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,572.85

▼ -3.04%

Volume (24h): -

Resistance Levels

Resistance 3$1,772.05

Resistance 2$1,687.94

Resistance 1$1,615.03

Price$1,572.85

Support 1$1,552.45

Support 2$1,461.12

Support 3$1,244.77

Pivot (PP):$1,588.76

Trend:Downtrend

RSI (14):30.8

Cointelegraph Staff

(05:14 PM UTC)

1 min read

Updated byDavid Kim

1364 views

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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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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