ETH struggles to bypass resistance range but open interest suggests...
Ethereum Nagsusumikap ang ETH na lampasan ang saklaw ng paglaban ngunit nagmumungkahi ang bukas na interes… Ethereums native cryptocurrency ETH achieved a new YTD high during Thursdays (16 February) bull run. However, it has since pulled back, confirming that the bulls are battling strong resistance. A key observation just occurred in the derivatives market that may offer insights into the next move. Green ba ang iyong portfolio? Tingnan ang Ethereum Profit Calculator The state of the derivatives market often provides a rough view of liquidity flows, hence its importance in determining a trend. According to the latest Glassnode alerts, ETHs open interest in perpetual futures just reached a new 4-week high. The last time that the same metric soared to its current highs was in November last year. ???? #Ethereum $ ETH Ang Open Interest sa Perpetual Futures Contracts ay umabot lamang sa 3-buwang mataas na $323,334,502 sa #Deribit Previous 3-month high of $321,159,869 was observed on 16 February 2023 Tingnan ang sukatan:https://t.co/5MhXAkWLAZ pic.twitter.com/Si4yZrQOGd - Mga alerto sa salamin (@glassnodealerts) Pebrero 17, 2023 Is this a bullish or bearish sign for ETH? Perpetual futures can be executed on a short or long basis. Further investigation is necessary to determine what is going on. Isang pagtingin Pagkilos sa presyo ng ETH reveals that the