Is Ethereum’s $3K Rejection a Spark for ETH’s Next Breakout? 🚀💰

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Key Takeaways

Ethereum [ETH] just took a 2

In fact, that drop wiped out $82.28 million in longs, nearly 80

Typically, you’d expect a deeper flush in Open Interest (OI) after that kind of leverage reset. But interestingly, OI has barely budged, down just 0.55

Zoom out a bit, and the setup feels familiar. 🕵️‍♂️

Back then, Ethereum’s OI held steady through a tight consolidation zone between $2,640 and $2,450. The result? A breakout rally that pushed ETH up 20

Now, throw in another $260 million into spot ETH ETFs, bringing the total to nearly $1.1 billion over just four trading days, marking the strongest run since their launch last July. 💰

Put it all together: Futures positioning is holding strong, spot inflows are ramping. Clearly, someone’s leaning in while the broader market hesitates. Could this be a move the rest of the market hasn’t priced in yet? 🤔

Top entities tighten strategic control over Ethereum supply

For the first time ever, Ethereum’s strategic reserves have crossed $4 billion, with 1.11

BlackRock’s latest buy of 50,970 ETH worth $150 million only adds fuel to the narrative. And it might not be random timing. 🕰️

The ETH/BTC ratio has posted two straight green candles, hinting that as Bitcoin [BTC] struggles at resistance, capital could be quietly rotating into Ethereum. 🔄

The divergence shows up in the data, too. Bitcoin’s Open Interest has dropped 3.72

If that relative strength holds, Ethereum could be setting up for another leg higher, using this 2

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2025-07-15 23:07