Tonight's ETH Direction: Short-term bias to the upside, but approaching short-term resistance. Current price at $2,120, with $2,176 nearby being significant short-term resistance; a breakout could accelerate momentum; if it falls back to $2,062 (today's low), be alert to stop losses. Futures funding rates are negative, and a short squeeze could occur at any moment, but fundamentals show concerns with continuous EF selling, which may limit upside potential.
Long positions continue to profit, bullish on 2176
Bullish
Long position entry reference 2080-2090
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