This is my long term Eth chart. Eth looks to be short term headed to next resistance at 6.6K and very likely near $20K area later this year. If it gets to $20K resistance, it's very possibly a good sell for a move back to to $4K.
Comment:
Eth almost has more OI than Bitcoin!
13B
Eth vs $16B Btc. This surge in Ethereum OI while the funding rates are still relatively quite low suggests a significant amount of shorts opened into the upward move last week. This is a good sign for a healthy next move above this range. $5,350 is the start of the next minor resistance zone above $4,300 major resistance.
13B
Eth vs $16B Btc. This surge in Ethereum OI while the funding rates are still relatively quite low suggests a significant amount of shorts opened into the upward move last week. This is a good sign for a healthy next move above this range. $5,350 is the start of the next minor resistance zone above $4,300 major resistance.