Ethereum has broken free from the $3,300 to $3,500 consolidation range with a 1.67% daily and 1.74% weekly price increase. This has been accompanied by significant buy pressure in Futures markets, indicating potential for further recovery.
Indicators like a 0.01 Funding Rate and a 0.57 Taker Buy-Sell Ratio demonstrate healthy long position support and buying sentiment. Open Interest increased by 3.18%, and the liquidation of $6 million short positions reflects decreased selling pressure, supporting Optimism for ETH’s price Movement.
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