We said that the #Ethereum major level has been clarified. This run was on the 4-hour chart. So, if the major level is clear, what happens to this level at the same time? Possible liquidity intake level.
There is no change in the current levels. Only the liquidity intake took place and after that it already fell sharply. Also, our target at 2405 was reached.
Now the first support is 2355 as you see in the 2nd image. He came there too. Also, the 2333 level is the low time zone major level. If this place is broken, the range 2286-2218 will be followed.
We see liquidity in the 3rd image. This was the first liquidity area and it is trying to hold on here. It is risky to try to buy short again before 2355 is seen to be broken.
You can see the funding rates in the last image. 0.0418 is too much of a funding rate for ETH. This is expected to approach neutral. This can happen in two ways: by closing long positions or opening more short positions.
