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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

$2,482.38

+0.07%

$2,482.38

+0.07%

(24s)

24h Volume

$7,947,148,399.83

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.3%

Long: 56.3%Short: 43.8%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,482.97

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,564.88

Resistance 1$2,501.12

Price$2,482.97

Support 1$2,449.71

Support 2$2,388.28

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.1

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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