$ETH it has remained for the fifth consecutive day around 2,000 dollars, balancing between historical supports and selling pressure in the cryptocurrency markets. This stability occurs in correlation with $BTC which recently rebounded from 60,000 dollars to surpass 70,000, although ETH's performance remains weaker. With a retracement of 60% from its historical maximum of 4,900 dollars and a macroeconomic context marked by uncertainty and risk aversion, the cryptocurrency is in a critical zone that could define its next direction: consolidation, correction, or a deeper pullback.
Market data shows mixed signals. The ETH funding rate is #Binance up from negative to neutral, suggesting that bullish derivative traders now dominate open interest, while on BitMEX positive funding has reached record levels since October, increasing the risk of liquidations. This delicate balance puts key past levels, such as supports of $1,400, $1,000, and $800, at stake, and traders and investors must pay attention to the interaction between selling pressure, leverage, and BTC movements to anticipate the next stage of ETH's price.
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