ETH $1,955.68, down slightly by 0.29% over the past 24 hours, with a volume of $838.96M. Normal. The price is approaching the intraday low of $1,941.66. Contract data is key: funding rate is neutral (−0.0036%), but the long-to-short ratio is as high as 2.38 (leaning bullish), with open interest at $3.50B, indicating that overall market sentiment remains bullish. However, short-term price declines may cause many long positions to be at a loss or face stop-loss triggers.
On a macro level, the market is in extreme fear (index 8), with ETH maintaining a 10% share.
My view: ETH is stuck in an awkwa
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