Tonight's ETH Direction: Short-term bullish bias, but approaching near-term resistance. Current price is at $2,120, with $2,176 being a major short-term resistance level nearby; a breakout could potentially accelerate gains. If price falls back to $2,062 (today's low), vigilance on stop-loss is needed. Futures funding rates are negative, creating potential for a short squeeze at any time, but there are underlying concerns about continuous EF selling, which may limit upside.

Long positions continue to be profitable, bullish above 2176

Long position entry reference: 2080-2090

ETH0.8%

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