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.
Solana (SOL) briefly dropped below $82 before rebounding above $86, highlighting its volatility and active dip-buying interest. Despite a weekly decline, trading volume rose over 7%, signaling resilient spot activity. ETF assets for Solana have surpa...
Ethereum is currently supported by a buy wall around $1,960 to $1,980, preventing a further drop. However, it faces significant sell pressure at resistance levels near $2,120 and $2,230, which must be overcome for a stronger price recovery. Recent da...
BitMine has expanded its Ethereum holdings by purchasing an additional 25,000 ETH worth $50 million, despite ongoing bearish market conditions. This follows a recent $237 million Ethereum purchase, reinforcing BitMine's position as the largest Ethere...
Ethereum's price is under pressure with technical indicators signaling a possible short-term decline. Key support around $1,800 is critical; if it breaks, the market could see further losses. High leverage and positive funding rates show many long po...
The S&P 500 achieved its longest weekly winning streak since 2023, rising nearly 20% from March lows, supported by hopes of a U.S.-Iran ceasefire extension. Brent crude stabilized near $92 a barrel, and Treasuries recovered some losses. However, majo...
