$ETH News
Ethereum has reached an all-time high in Open Interest with a high Funding Rate (66% annualized), signaling heavy leverage and potential volatility ahead.
After breaking past $2,875 and $3,240, it’s facing resistance at $3,480. Currently, ETH is finding support around $3,240, but with an RSI of 73, a pullback or consolidation could be likely.
Stability between $3,200 and $3,400 would strengthen the market and benefit altcoins. Key support: $3,100-$3,240; resistance: $3,480.