1 day ago
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Key Takeaways
- ETH price sits above $2,300.
- Global ETH open interest is at $16.37 billion with negative funding.
- Binance OI at $6.04 billion, up 10.47% in 24 hours, with positive funding.
- SEC April 13 DeFi statement provides first structural regulatory tailwind for Ethereum.
- Bitmine holds 4.8 million ETH, adding 70,000+ in the past week.
- Small retail dumped 1,791 ETH in two days.
Ethereum is trading at $2,319 on April 15, down 2% on the day and $96 below the $2,415 peak reached on April 14. The 50 SMA at $2,303 is rising and now $16 below price, the same pattern Bitcoin is showing at a larger scale after hitting $76,000.
Below the SMA, the $2,175 level is the prior support that held during the consolidation phase before the rally began. The RSI at 46.84 with the signal line at 48.70 i...
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