Ethereum Derivatives Recover Quietly, Far From the Levels That Wrecked it Before

2 hours ago 2

Rommie Analytics

Key Takeaways:

  • ETH at $2,378, above all three MAs on 4H chart.
  • RSI: 59.89, neutral with room in both directions.
  • Spot taker CVD: buy dominant in 90-day window.
  • Futures Power 30D Change: 0.026, positive but moderate.
  • Below October 2023 early-recovery reading of 0.0327.
  • Prior extreme readings preceded 44-61% ETH declines.
  • Three extreme zones: March 2024, December 2024, August 2025.
  • Current setup: early recovery, not overheated.

Three Datasets, One Setup

Ethereum is trading at $2,378 on May 6. Three independent datasets are describing the same market condition from different angles.

The 4H price chart shows ETH above all three moving averages, the 50-MA at $2,315, the 100-MA at $2,321, and the 200-MA at $2,275, in a bullish stack with an RSI o...

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