Ethereum's derivatives market experienced a significant surge in leverage, with Binance's Open Interest increasing by about 336,000 ETH on May 28, the largest since 2019. Despite this, aggressive selling dominated, pushing net taker volume to its weakest since April, indicating speculative positioning amid weak spot demand. This imbalance heightens volatility risk, as Ethereum remains below key recovery levels and large leveraged long positions cluster near $1,950-$2,000 support zones. A break below these levels could trigger liquidations and sharp price drops, while renewed buying could cause a rapid short squeeze. Overall, Ethereum faces a volatile outlook driven by rising leverage and selling pressure.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Ethereum's new 'Strawmap' draft roadmap outlines seven major upgrades by 2029 aiming to reduce transaction finality from 16 minutes to as little as 6 seconds and increase Layer 1 throughput to 10,000 transactions per second. The plan includes advance...
Ethereum rose following a U.S. inflation report showing slower CPI growth, which weakened the dollar and boosted risk assets. Binance saw over $1.2 billion in Ethereum buy volume, pushing prices near $1,895. However, the rally lost steam as Bitcoin a...
